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MARKET ACTIVITY
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The most common question we hear in North Vancouver is "What's happening with the market?"
The following graphs of North Vancouver MLS activity will give you a snapshot of what is happening now, as well
as putting it into a historical perspective.
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North Van Price Trends Detached Prices Trend Attached Price Apartment Prices |
North Van MLS Listings vs. Sales Detached Activity Attached Activity Apartment Activity |
| Definitions that might be helpful in understanding the various graphs below: | |
| DETACHED |
Typically houses but also includes mobile homes and recreational property |
| ATTACHED |
Typically what many will think of as townhomes, townhouses or rowhouses but also includes half-duplexes. Each attached home has its own entrance from the outside. |
| APARTMENT |
An apartment is often referred to as a condo or condominium, however, condominium is actually a legal term for strata ownership, which could refer to a townhome as well. An apartment shares a common front entrance with the rest of the units in the building. |
| BUYERS' MARKET |
The supply of homes on the market exceeds demand leaving a high inventory of homes. Homes are on the market longer and prices tend to drop. |
| SELLERS' MARKET |
The number of buyers wanting homes exceeds the supply of homes coming on the market leaving a small inventory of homes available. Homes sell quickly and prices usually increase in this type of market. |
| BALANCED MARKET |
The number of homes on the market is equal to the demand or number of buyers. Homes sell within an acceptable time period and prices remain stable. |
NORTH VANCOUVER DETACHED ACTIVITYThe inventory of listings are still at historical low levels and indicate that we are still in a sellers' market however the number of listings is slowly increasing. You can also see how the listings and sales fluctuate depending on the time of year. Calculate the average selling time in months by dividing the total listings by the number of sales per month. Back to Top |
NORTH VANCOUVER ATTACHED ACTIVITYThe inventory of listings are still at historical low levels and indicate that we are still in a sellers' market however the number of listings is slowly increasing. You can also see how the listings and sales fluctuate depending on the time of year. Calculate the average selling time in months by dividing the total listings by the number of sales per month. Back to Top |
NORTH VANCOUVER APARTMENT ACTIVITYThe inventory of listings are still at historical low levels and indicate that we are still in a sellers' market. You can also see how the listings and sales fluctuate depending on the time of year. Calculate the average selling time in months by dividing the total listings by the number of sales per month. Back to Top |
NORTH VANCOUVER DETACHED SALES PRICE TRENDThis graph shows the change in both average and median prices for detached homes over the past few years. Back to Top |
NORTH VANCOUVER ATTACHED SALES PRICE TRENDThis graph shows the change in both average and median prices for attached homes over the past few years. Back to Top |
NORTH VANCOUVER APARTMENT SALES PRICE TRENDThis graph shows the change in both average and median prices for apartments over the past few years. Back to Top |
#101 - 2609 Westview Drive North Vancouver, BC, V7N 2M2
Telephone 604.929.2152 Toll Free 1.800.665.1455 Fax 604.929.0157
Dan@DanMorrison.com or DanMorrison@shaw.ca
Each office is independently owned and operated.
This communication is not intended to cause or induce breach of an existing agency relationship.
All information on this site is from sources deemed to be reliable but should not be relied on without further investigation.
The contents of this website are copyright © 2002 - 2008 Dan Morrison All Rights Reserved.
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BUYING TIP Pay attention to the original listing date of the homes you look at. Sellers tend to be more flexible the longer their home has been on the market. |
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