Multiple offers are back in play as the North Vancouver real estate market experiences low detached inventory. There were 134 sales in March, which is up by about 19% over the previous year while listings are down by 21%. Due to the shift in supply and demand, 41 of those properties sold for asking price or, more commonly, over asking price. The busiest neighbourhoods being Lynn Valley with 8 and Blueridge with 5. Canyon Heights, Forest Hills, Central Lonsdale and Westlynn were also popular.

The West Vancouver market had a very different experience where only 9 of 62 detached sales resulted in multiple offers however, prices continue to rebound and are up by 6.8% over last year and 1.7% over last month. While condos prices are down by -1.6% over last…

5126 Views, 0 Comments