In North Vancouver prices are up across all property types this February compared to last. Detached by 2.6%, townhouses by 0.6% and condos by 1.3%. West Vancouver notably experienced a 7.2% increase in detached pricing.
Sales in North Vancouver are up considerably as well with the most significant being townhouses by 47%, condos by 36% and detached by 26%. In saying that, we've noticed a large number of sales being posted over the last few weeks for single family homes so I would expect this number to bump up for March.
Supply is generally down... buyers in the detached market don't have as much to choose from which is unfortunate. If this trend continues as more purchasers enter the real estate market this spring, we will see an upward pressure…
