Current: North Vancouver is in a Stable Market with its average listings inventory and 15 %SOLD rate. Meaning 15 homes out of 100 sold in the last month with an avg of $99,000 Discount on sale from the original list price.
Most Active Range: Homes below $1.3 mill. have 32.5 %SOLD rate.
Least Active Range: Homes above $3 mill. have 3.5 %SOLD rate.
History: The North Vancouver Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $153,855.
The North Vancouver Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $124,387.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Vancouver has an average listing supply; 360 homes are for sale and with the 15 %SOLD monthly rate gives us a ~7 months of inventory. 9% of the Active Listings have reduced their price by $78,995 on average or $73,000 on median in the last month. We project North Vancouver to be a continued Stable market.
May's Real Estate Statistics shows 64% of Vancouver's Detached Markets values decreased this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $14,880, which is a significant decline from last month's $8,007 price drop. On the other hand, the Fraser Valley shows a steady Market with the monthly price increase of $1,580. The following month's forecasts for Detached Homes are: a continued Buyer's Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Warmer Market with 43% of the Greater Vancouver (Lower Mainland) Condo Prices Increasing. On the same note, 46% of the Townhouse Markets are Increasing. (13 out of 28 Markets). We are forecasting a Buyers’ Market in most Condo and Townhouse Markets for the coming month. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.