Each week we post the latest stats for one of our specialty areas. This week, we're focusing on the North Vancouver detached housing market.
>> CLICK HERE TO VIEW THE LATEST NORTH VANCOUVER DETACHED HOUSE SALES <<
The details:
- Current inventory is 3% above last year, with 149 properties for sale compared to 145 during the same week in 2020. Current listings are 6% higher than last week.
- Sales improved this week with 29 transactions out of 149 listings, compared to 20 transactions out of 140 listings last week. Last year we saw 40 sales out of 145 properties during the same period.
- Of this week’s 29 sales, buyers averaged 107% of the asking price, with a median sale price of $2,242,500 and a median of 7 days-on-market. Of the properties sold, two sold for the asking price, 24 sold over the asking price and three sold under asking.
- Our highest priced sale this week: a 6 bedroom, 5 bathroom, 4,707 sq.ft. house on Newdale Court. List price $4,698,000. Sold for $4,500,000.
- Our lowest priced sale this week: a 3 bedroom, 3 bathroom, 1,621 sq.ft. house on East Keith Road. List price $1,775,000. Sold for $1,819,000.
- Market absorption rate for North Vancouver detached listings: At the current sales rate, if there were no new listings added, it would take 1.6 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.