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The North Vancouver Housing Market Trends
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North Vancouver Real Estate Market Reports and Forecasts Previous Report
North Vancouver Market Update
Lynn Valley, Upper Lonsdale, Deep Cove, Canyon Heights NV, Hamilton and all the sub-areas of North Vancouver Real Estate Market Update Report.
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May 1, 2013
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Current: North Vancouver is a Stable - Sellers Market with its record listings inventory and a 18 %SOLD rate. Meaning 18 homes out of 100 sold in the last month with an avg of $20,750 discount on sale from the original list price.
Most Active Range: Homes between $1 million-$1.25 million have 26.0 %SOLD rate.
Least Active Range: Homes above $2 million-$1.5 million have a 3.3 %SOLD rate.
History: North Vancouver RMR HPI* shows that prices decreased $64,315 in 2012.
*The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Vancouver has high Listing Supply; 471 homes are for sale and with the 18 %SOLD monthly rate gives us a ~5.5 months of inventory. At this sell through rate, approximately 324 of these listings will not sell. 22% of the Active Listings have reduced their price by $71,618 on average or 50,000 on median. The next few weeks will see increased sales in the local real estate market. The Spring Fever and the Election Resolve should inspire a new buyers confidence. With 5 year mortgage rates near 3%, at levels not seen in decades, makes this a GREAT time to buy.
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We thank Steve Burk for his support of these North Vancouver Market Updates which includes sub areas such as Canyon Heights NV, Lynn Valley, Upper Lonsdale, Deep Cove, Hamilton etc. Contact Steve as the Local Expert.... more details.
Download the full NorthVancouverMarketupdatereport.PDF
This North Vancouver Real Estate Market update includes the sub areas Deep Cove, Canyon Heights NV, Hamilton, Lynn Valley, Upper Lonsdale etc.
Click Image to compare previous STR/ MTI graphs
North Vancouver Real Estate Market Analysis Reports
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This is the most accurate %SOLD-Monthly Sell Through Rates (STR Graph) using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks. |
Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.
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Vancouver and FV Market Reports and Forecasts
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Each month we analyze the Real Estate Supply and Demand for 22 cities in the lower mainland: Vancouver to Chilliwack and we make the forecasts for the following month or more.
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