North Shore Real Estate Stats for January 2014

Posted by Kerri Demski - PREC on February 13th, 2014

In North Vancouver prices are up by approximately 4% across all property types this January compared to last. While detached sales remain relatively unchanged, North Vancouver attached sales have increased. Apartment sales are up 32% and townhouse sales are up 12% over January 2012. We've also noticed in these early weeks of February that sales on new listings are happening more quickly... and that even 60 - 120 day old listings are starting to move. 

Now let's talk inventory. The total number of detached listings is down by 23.4% compared to last January and townhouse listings are also down (by 17%). This would be why those 'older' listings are starting to sell as more buyers enter the real estate market in these early stages of spring. On the flip…

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North Shore Real Estate Stats for December 2013

Posted by Kerri Demski - PREC on February 11th, 2014

Throughout 2013, the North Shore housing market maintained a consistent balance between supply and demand. This resulted in modest price and sales increases. While we didn't see record-breaking sales months as we have in past years, it was definitely a stronger market in 2013 compared to 2012 where the market peaked in April and ended on a less than stellar note. This year, however, North Vancouver prices are up over last December and so are sales, with the exception of townhouses.

We didn't really see too much of a slow-down in December and were still showing properties as late as Christmas Eve! Buyers definitely remain on the lookout. 

North Vancouver detached home prices are up 4% over last December, condos are up by 3% and townhouses by…

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North Shore Real Estate Stats for October 2013

Posted by Kerri Demski - PREC on November 29th, 2013

While pricing remains unchanged, North Vancouver real estate sales are up (again) by 38% over last October. Specifically detached sales are +35.6%, attached sales are +56%, and condos sales are +35.1%. West Vancouver is seeing the same trend, but their detached pricing increased modestly (+3%). WV detached sales are up by +56.9%, attached sales +450%, and condos sales +50%.

Let us know what you think of the new interactive graphs!

 

North Vancouver Pricing Index - Interactive Graph

 

North Vancouver Sales Index - Interactive Graph

 

West Vancouver Pricing Index - Interactive Graph

 

West Vancouver Sales Index - Interactive Graph

 

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North Shore Realty Stats for Sep 2013

Posted by Kerri Demski - PREC on October 6th, 2013

North Vancouver real estate sales are up by 58.8% over last September and listing inventory is down. Broken out it looks like this: detached sales +71.1% and inventory -21.3, attached sales +115.4% and inventory -20.0%, and condos sales +29.5% and inventory -10.0%.

So why haven't we experienced huge fluctuations in local home values over the past year? Well, prices didn't quickly and 'artificially' inflate like in some markets, plus it's important to consider that we're in line with the 10-year sales average. The real estate market held its own during a slow market and now we're seeing things gradually get back to normal. If anybody really knows what that means.

What's impressive is that our home prices didn't see a significant decrease through the…

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