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Current: North Vancouver is in a Seller market with its average listings inventory and 19 %SOLD rate.
Meaning 19 homes out of 100 sold in the last month with an avg of $86,600 increase on sale from the original list price.
Most Active Range: Homes between $1.6 mill. - $1.9 mill. have 33.3 %SOLD rate.
Least Active Range: Homes between $2.1 mill. - $2.3 mill. have 6.1 %SOLD rate.
History: The North Vancouver Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $31,373.
The North Vancouver Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $28,935
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Vancouver has an average listing supply; 152 homes are for sale and with the 19 %SOLD monthly rate gives us a ~7 months of inventory. 8% of the Active Listings have reduced their price by $78,111 on average and $75,000 on median in the last month. We project North Vancouver to be a continued Seller market.
Greater Vancouver December 2024:
In December 2024, about half of detached homes in Greater Vancouver increased in value, but on average single-family homes dropped $7,510. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.
Condo and townhouse prices also fell, by $11,005 and $6,523 on average. These markets are expected to be Stable in the coming months.
For regular updates, visit VancouverMarketReports.com every Saturday at noon. Get insights on which areas in the Lower Mainland are gaining or losing value. For detailed reports and advice about your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.
Fraser Valley December 2024:
In December 2024, more than half of detached homes in Fraser Valley saw an increase in value, with single-family homes rising by an average of $736. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.
The average price for condos rose by $2,127, while townhouses dropped by $1,630. We expect these markets to remain Stable in the coming months.
For regular updates, visit VancouverMarketReports.com every Saturday at noon. We provide insights on areas in the Lower Mainland that are gaining or losing value. For a full report and neighborhood details, contact Bill Coughlin and the Coughlin Team at 778-374-3744.
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