Each week we post the latest stats for one of our specialty areas. This week, we're focusing on the North Vancouver townhouse market.
>> CLICK HERE TO VIEW THE LATEST NORTH VANCOUVER TOWNHOUSE SALES <<
The details:
- Current inventory is 46% below last year, with 42 properties for sale compared to 78 during the same week in 2020. Current listings are 31% lower than last week.
- Sales weakened this week with 6 transactions out of 42 listings, compared to 8 transactions out of 32 listings last week. Last year we saw 10 sales out of 78 properties during the same period.
- Of this week’s 6 sales, buyers averaged 100% of the asking price, with a median sale price of $1,475,750 and a median of 7 days-on-market. Of the properties sold, two sold for the asking price, three sold over the asking price and one sold under asking.
- Our highest priced sale this week: a 3 bedroom, 4 bathroom, 3,177 sq.ft. townhouse on Edgemont Boulevard. List price $2,200,000. Sold for $2,200,000.
- Our lowest priced sale this week: a 2 bedroom, 3 bathroom, 1,114 sq.ft. townhouse on East Esplanade. List price $1,099,000. Sold for $1,110,000.
- Market absorption rate for North Vancouver townhouse listings: At the current sales rate, if there were no new listings added, it would take 0.8 months for inventory to be absorbed into the market.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.