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Greater Vancouver Real Estate Update – Last 60 Days: Rising Inventory and Seller Competition

The Greater Vancouver real estate market has become more competitive over the last 60 days. Buyers have more choices. Sellers are facing more competition. At the same time, homes that are priced well and show well are still selling quickly.

I’ve been tracking this closely, and one pattern keeps showing up again and again: buyers are careful, but they will still act fast when they see good value. The gap between homes that sell quickly and homes that sit on the market has become much wider this spring.

Insights for Buyers

Buyers are getting more opportunities right now, especially in the condo market. Inventory has increased across many parts of Greater Vancouver, giving buyers more time to compare properties and negotiate. In North Vancouver and Lower Lonsdale, buyers are looking closely at pricing, strata quality, and long term value before making decisions.

One recent example was a buyer looking at several entry level condos priced below perceived market value. The homes that were updated, well presented, and priced properly created strong interest. The overpriced listings were largely ignored. This tells us buyers are still active, but they are much more selective than they were during hotter market conditions.

There are also signs of strength in some detached home segments. In North Vancouver, older homes on strong lots have recently received multiple offers again, especially in areas attractive to builders and custom home buyers. Two recent Edgemont area homes sold well over asking price after receiving four and five offers. This shows that demand still exists when the product and price line up with what buyers want.

For buyers moving up into detached homes, today’s market may offer better opportunities than we’ve seen in recent years. More listings mean more selection, and some sellers are adjusting expectations after longer time on market periods.

Insights for Sellers

Sellers need to understand that pricing sensitivity has become one of the biggest factors in today’s market. Buyers are comparing everything. Homes that are even slightly overpriced can sit for weeks or months while correctly priced homes continue to attract attention.

I’ve also noticed that preparation matters more than ever. Buyers are paying attention to condition, presentation, maintenance, and potential future costs. Homes that feel move in ready are standing out. In contrast, listings that need work or feel uncertain are seeing slower activity unless priced aggressively.

There is also a growing difference between micro markets and price ranges. Some luxury detached homes are moving slowly while certain entry level and land value properties continue to create competition. In several cases over the last 60 days, homes with strong pricing strategy sold quickly while similar homes nearby sat on the market with little activity.

One important reminder is that BC tax assessments do not determine market value. Actual sold prices determine market value. Buyers and sellers who focus too heavily on assessment numbers instead of current comparable sales can lose momentum and miss opportunities.

Market Outlook

The market is moving toward a more balanced environment, but it is not the same across every area or price range. Inventory levels remain higher than normal in many segments, which means sellers need strong pricing and presentation strategies to compete.

At the same time, buyers who wait too long for “perfect” conditions could miss opportunities. Good homes are still selling quickly when priced correctly. Detached land value properties in parts of North Vancouver are already showing stronger activity again, and well priced condos continue to attract buyers looking for value.

As we move further into the spring market, I expect competition among sellers to remain high while buyers continue to focus heavily on value, condition, and long term costs.

The biggest takeaway from the last 60 days is simple: strategy matters more than ever. Pricing, preparation, and timing are having a direct impact on results.

Find out how prepared your home is for today’s market. click here

#GreaterVancouverRealEstate #NorthVancouverRealEstate #WestVancouverHomes

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Buyers and Sellers Taking a More Thoughtful Approach This Spring 2026 in Greater Vancouver Real Estate

The Greater Vancouver housing market continues at a steady pace, with both buyers and sellers taking a more thoughtful approach this spring.

In March 2026, residential sales across Metro Vancouver totaled 2,032 homes. That was down 2.8% from March 2025 and below the 10 year seasonal average. At the same time, there were 14,774 active listings on the market, providing buyers with a wide range of options.

New listings reached 5,792 in March. While this was lower than last year, it remains in line with typical seasonal levels, helping keep inventory balanced.

Buyers Are Seeing More Options

With more homes available, buyers are in a position to take their time and compare opportunities more carefully.

The sales to active listings ratio across all property types was 14.2% in March. This places the market in balanced territory.

By property type:

  • Detached homes: 11%

  • Attached homes: 17.2%

  • Apartments: 15.7%

These numbers show that while conditions vary slightly by property type, overall market activity remains stable.

Prices Are Holding Steady Month to Month

The benchmark price for all residential properties in Metro Vancouver is $1,104,300.

While this is lower than last year, prices have remained relatively stable on a month to month basis, showing signs of consistency as the market moves through the early spring season.

Detached homes saw 571 sales in March, up 8.3% from last year. The benchmark price is $1,854,800, with a small increase compared to February.

Apartment sales totaled 999 homes, and townhome sales reached 446. Prices in these segments have remained steady month to month, with only minor changes.

Detached Segment Showing Positive Momentum

One of the key takeaways from this update is the shift happening between property types.

Detached homes saw an increase in sales, while apartments and townhomes remained more measured. This suggests that different segments of the market are moving at different speeds, which is common in a balanced market.

Market Conditions Remain Stable Overall

External factors such as interest rates and global events continue to play a role in buyer decision-making. However, the current market is showing stability, with no major swings in either direction.

This creates an environment where both buyers and sellers can make more informed and confident decisions.

What This Means for Buyers and Sellers

For buyers, today’s market offers more selection and the ability to move at a comfortable pace.

For sellers, well-prepared and well-priced homes are continuing to attract attention, especially when they are positioned correctly for today’s conditions.

A Note for North Shore Buyers and Sellers

This update is based on data from Greater Vancouver REALTORS and reflects the overall Greater Vancouver market.

Conditions can vary by area, and we are seeing some differences on the North Shore. I will break those down in upcoming posts focused specifically on North Vancouver and West Vancouver.

Final Thoughts

The March 2026 market reflects a steady and balanced environment.

There is good selection for buyers, stable pricing, and continued activity across all property types. While the pace is more measured than in past peak markets, it is creating a more predictable and manageable environment for both buyers and sellers.

If you would like to understand what this means for your home, your building, or your buying plans on the North Shore, a local breakdown can provide a clearer picture.

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Greater Vancouver Real Estate Update: What Buyers and Sellers Should Know Right Now

The Greater Vancouver real estate market has been active, but not always fast. Over the past 60 days, buyers and sellers in Greater Vancouver, North Vancouver, and West Vancouver have been making decisions in a market shaped by more inventory, softer prices in some segments, and a cautious mood tied to interest rates and global uncertainty. That has created a market where some homes sit longer, some buyers hold back, and yet well-priced properties can still move quickly and even attract multiple offers.

Davis Kosowan has been tracking this closely. His recent market observations point to a pattern many people can feel but may not fully understand at first glance: this is a market where timing, pricing, and property type matter more than ever. As Davis puts it, “This is not a frozen market. It is a selective market. Buyers have more choice, but the best opportunities still get attention fast.”

Insights for Buyers

For buyers, the biggest change has been choice. Across Greater Vancouver and North Vancouver in particular, inventory has been running higher than last year in several housing types. Detached homes and condos have both seen more listings, giving buyers more room to compare options and negotiate. In many cases, this has taken some pressure off compared with the faster conditions buyers faced in earlier markets. At the same time, not every part of the market is moving the same way. Entry level condos and well-priced homes can still draw strong interest, especially when they are in good condition and priced where buyers see value.

One recent example: a buyer looking five entry-level condos priced lower than perceived “market value.” On paper, it looked like a market full of opportunity. But once the buyer dug deeper, it became clear that the better units were still drawing serious attention and some lower-priced options had tradeoffs in layout, condition, or building quality. Davis’s read on the situation helped narrow the field and keep the buyer focused on true value, not just price. “More listings do not always mean easier choices,” says Davis. “A buyer still needs to know which homes are priced right, which ones have hidden issues, and which ones may attract competition.”

Insights for Sellers

For sellers, the message is simple: the market still works, but it is less forgiving. In North Vancouver and West Vancouver, there have still been homes selling over list price, even while overall sales have been lower in some categories. That tells us buyers are not gone. They are simply more careful. Homes that are well presented, well priced, and clearly worth the asking price are still getting action. Sellers who miss the mark on price or presentation may sit on the market longer than expected.

A good example is the difference between average listings and standout listings. Over the past 60 days, some sellers have entered the market expecting last cycle pricing, only to find that buyers now have more options and less urgency. Others have followed a more disciplined plan and been rewarded. Davis has seen that sellers who face the market honestly from day one often do better than sellers who “test” the market too high. “Today, buyers are watching closely,” Davis says. “If a home looks sharp and the price makes sense, they will move. If not, they wait.” That is especially important in a market where benchmark prices in some segments have eased from last year.

Market Outlook

Looking ahead, the market appears balanced but watchful. In Greater Vancouver, sales have been lower year over year, while listings have been higher. That usually gives buyers more leverage and puts pressure on sellers to be realistic. At the same time, there are signs of demand waiting on the sidelines. Mortgage pre-approvals, stable rate expectations, and improving move-up opportunities suggest that some buyers are preparing to act once they feel more confident.

There may also be good opportunity for move-up buyers right now. In recent observations, the price gap between North Vancouver and West Vancouver detached homes has been narrower than usual, which may create a window for some homeowners looking to upgrade. Townhomes have also been one of the stronger segments in North Vancouver, showing that demand still exists where value and lifestyle line up well. The challenge ahead is that inflation and rising fixed mortgage rates could limit how much momentum the market builds in the near term. “This market is giving people options,” says Davis. “But the people who do best are the ones who understand where the pressure points are before they make a move.”

Summary

The Greater Vancouver market is giving buyers more choice, but the best homes can still sell fast. Sellers can still get strong results, but pricing and presentation matter a lot more now. North Vancouver and West Vancouver both offer chances for smart buyers and sellers, especially when they understand what is happening in the market right now.

If you are thinking about buying, selling, or moving within Greater Vancouver, North Vancouver, or West Vancouver, connect with Davis Kosowan for advice based on what is happening in the market today. A good plan can help you avoid mistakes and spot the right opportunity.

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Spring market brings abundance of opportunity for buyers 

April 2025 saw home sales in Metro Vancouver drop nearly 24% year-over-year, despite improved borrowing conditions and growing inventory. With prices holding relatively steady and more listings on the market than we’ve seen in a decade, buyers may find this a rare window of opportunity.

Connect with Davis

read this article from Greater Vancouver Realtors:

The slowdown in home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver that began early this year continued in April, with sales down nearly 24 per cent year-over-year. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,163 in April 2025, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024. This was 28.2 per cent below the 10-year seasonal average (3,014). 

“From a historical perspective, the slower sales we’re now seeing stand out as unusual, particularly against a backdrop of significantly improved borrowing conditions, which typically helps to boost sales,” said Andrew Lis, GVR’s director of economics and data analytics. “What’s also unusual is starting the year with Canada’s largest trading partner threatening to tilt our economy into recession via trade policy, while at the same time having Canadians head to the polls to elect a new federal government. These issues have been hard to ignore, and the April home sales figures suggest some buyers have continued to patiently wait out the storm.” 

There were 6,850 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in April 2025. This represents a 3.4 per cent decrease compared to the 7,092 properties listed in April 2024 and was 19.5 per cent above the 10-year seasonal average (5,731) for the month. 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,207, a 29.7 per cent increase compared to April 2024 (12,491). This is 47.6 per cent above the 10-year seasonal average (10,979). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2025 is 13.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 17.5 per cent for attached, and 15.7 per cent for apartments. 

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

“While the headlines have been filled with worrying news lately, there are positives in the current market worth highlighting, especially for buyers,” Lis said. “Inventory levels have just crested 16,000 for the first time since 2014, prices have stayed fairly stable for the past few months, and borrowing costs are the lowest they’ve been in years. These factors benefit buyers, and with balanced conditions across the market overall, there’s plenty of opportunity for anyone looking to make a purchase.” 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,184,500. This represents a 1.8 per cent decrease over April 2024 and a 0.5 per cent decrease compared to March 2025.

Sales of detached homes in April 2025 reached 578, a 29 per cent decrease from the 814 detached sales recorded in April 2024. The benchmark price for a detached home is $2,021,800. This represents a 0.7 per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025. 

Sales of apartment homes reached 1,130 in April 2025, a 20.2 per cent decrease compared to the 1,416 sales in April 2024. The benchmark price of an apartment home is $762,800. This represents a two per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025. 

Attached home sales in April 2025 totalled 442, a 23.8 per cent decrease compared to the 580 sales in April 2024. The benchmark price of a townhouse is $1,102,300. This represents a 2.9 per cent decrease from April 2024 and a one per cent decrease compared to March 2025.

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Selling an Estate Property in BC? Read This Before You Start

If you’re handling an estate sale in British Columbia, you probably have questions about probate, selling “as-is,” legal steps, and timing the sale. This guide provides clear, straightforward information to help you navigate the process with confidence.

What You Need to Know Before Selling an Estate Property

Before you list the estate property, make sure you understand:
✔️ How probate affects the sale timeline (and what to expect)
✔️ The pros & cons of selling “as-is” vs. making small updates
✔️ When to list the property to attract the best buyers
✔️ Legal & financial considerations every executor should know
✔️ How to prepare the home for a smooth and efficient sale

This guide walks you through each step, so you can move forward with clarity.

Why This Guide is Essential for Executors & Families

Handling an estate sale can feel overwhelming, but having the right information makes all the difference. This guide is designed to help you understand your options, make informed decisions, and move forward with confidence.

Get the Free Guide – Everything You Need to Know

If you have questions or need guidance on selling an estate property, book a free consultation.

Click here to book your Estate Sale Seller’s Consultation now.

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Buying a Condo in North Vancouver: What You Need to Know Before You Start

Condo Specialists in North Vancouver know that buying a condo in this highly sought-after area is a smart investment. With breathtaking mountain views, vibrant neighborhoods, and close proximity to downtown Vancouver, North Vancouver is a top choice for condo buyers. However, navigating the condo market here requires understanding strata living, neighborhood choices, financing, and making a competitive offer.

This guide will walk you through everything you need to know before buying a condo in North Vancouver, from understanding strata documents to choosing the best neighborhood for your lifestyle.

This is for informational purposes only and should not be considered real estate advice. Always verify information independently and consult with a qualified professional before making any real estate decisions.


Why Buy a Condo in North Vancouver?

Lifestyle & Location Advantages 

North Vancouver offers a balanced lifestyle with easy access to both urban conveniences and outdoor adventures.

  • Proximity to Downtown Vancouver: Quick commute via SeaBus or a short drive.

  • Outdoor Activities: World-class hiking, skiing, and waterfront views.

  • Community & Culture: A strong sense of community with vibrant local events, farmers markets, and cultural experiences.

Top Neighborhoods for Condo Buyers in North Vancouver 

Lower Lonsdale 

  • Urban & Trendy: The most walkable neighborhood with cafes, shops, and the Lonsdale Quay Market.

  • Perfect for Young Professionals: Quick SeaBus access to downtown Vancouver.

  • High Demand Area: Popular for both buyers and renters, making it great for investment properties.

Central Lonsdale 

  • Residential & Family-Oriented: More residential with schools, parks, and local shops.

  • Convenience: Easy access to public transit and major highways.

  • Variety of Condo Options: Mix of older, spacious units and newer modern buildings.

Edgemont Village 

  • Charming & Upscale: Quiet neighborhood with a village feel, boutique shops, and fine dining.

  • Nature-Oriented: Close to Grouse Mountain and Capilano Suspension Bridge.

  • Luxury Condos: Smaller inventory but high-end properties perfect for downsizers.

SeyLynn Village 

  • Modern & Urban: Newer, modern condos with stunning mountain views.

  • Young & Vibrant Community: Popular with young professionals and first-time buyers.

  • Easy Commute: Quick access to Highway 1 for commuting to downtown Vancouver.

Marine Drive Corridor 

  • Affordable Urban Living: Urban feel with more affordable condo options.

  • Shopping & Dining: Lined with shops, cafes, and restaurants.

  • Accessible Location: Close to public transit and major roadways.

Seymour 

  • Nature Lovers’ Paradise: Surrounded by lush forests, hiking trails, and the Seymour River.

  • Quiet & Residential: Ideal for families and outdoor enthusiasts.

  • Limited Condo Inventory: Mostly townhomes and low-rise condos with spacious layouts.


Click Here to Connect with a real estate specialist

Understanding Strata Living in North Vancouver 

What Is Strata? 

  • Shared Ownership: You own your individual unit but share ownership of common areas (hallways, elevators, amenities).

  • Strata Council: Elected group of owners who manage building operations and enforce bylaws.

  • Community Living: Close proximity to neighbors with shared responsibilities for maintenance.

Strata Fees Explained 

  • Monthly Fees: Cover building maintenance, insurance, and amenities.

  • Budgeting: Fees vary by building, depending on age, size, and amenities.

  • Reserve Fund Contributions: A portion of fees goes into a contingency reserve for major repairs.

Bylaws and Rules 

  • Pet Restrictions: Check for pet policies or size restrictions.

  • Rental Restrictions: Some buildings have rental caps or restrict short-term rentals (e.g., Airbnb).

  • Renovation Approvals: Any alterations may require strata council approval.


What to Look for When Buying a Condo 

Building Age and Condition 

  • Newer Buildings: Modern amenities but potentially higher strata fees.

  • Older Buildings: Larger floor plans but may require more maintenance.

  • Red Flags to Watch For: Leaky condo history, pending special assessments, or expensive repairs.

Amenities and Features 

  • Popular Amenities: Gym, pool, rooftop terrace, guest suite.

  • Luxury Amenities: Concierge service, spa, movie theater.

  • Impact on Strata Fees: More amenities usually mean higher monthly fees.

Reviewing Strata Documents: A Critical Step 

Why Reviewing Strata Documents Is Essential 

Reviewing strata documents is one of the most important steps when buying a condo in North Vancouver. These documents provide crucial information about the building’s financial health, management practices, and potential red flags.

Key Documents to Review (H3)

  • Form B: This is a must-have document that includes:

    • Financial Information: Details on strata fees, any special assessments, and the contingency reserve fund.

    • Pending Litigation and Liens: Reveals any ongoing legal disputes or outstanding debts.

  • Minutes of Meetings: Reveal ongoing issues, disputes, or major repair discussions.

  • Financial Statements & Budget: Ensure the strata has a well-funded contingency reserve.

  • Depreciation Report: Long-term maintenance and repair plans.

  • Current Bylaws and Rules: Ensures compatibility with your lifestyle needs (e.g., pets, rentals).

Red Flags to Watch For 

  • Pending Litigation: Legal disputes can impact all owners financially.

  • Underfunded Reserves: Risk of special assessments or increased strata fees.

  • Frequent Special Assessments: Indicate poor maintenance planning.


Financing Your Condo Purchase 

Mortgage Pre-Approval 

  • Competitive Market: Get pre-approved to act fast and know your budget.

  • Local Mortgage Brokers: Choose one familiar with BC’s regulations.

Down Payment Requirements 

  • 5% Minimum for properties under $1,500,000.

  • Budgeting for Extra Costs: Property transfer tax, legal fees, and inspection.

Making a Competitive Offer 

  • Work with a Condo Specialist in North Vancouver: Expert knowledge of the market and negotiation strategies.

  • Be Ready to Act Fast: Condos in popular areas like Lower Lonsdale sell quickly.

  • Include the Right Contingencies:

    • Subject to financing

    • Subject to strata document review

    • Subject to inspection


Final Thoughts & Call-to-Action 

Buying a condo in North Vancouver is an exciting investment with great potential for lifestyle and financial growth. With the right knowledge and guidance, you can find the perfect condo in this vibrant community.

Thinking of buying a condo in North Vancouver? Let’s connect! As a Condo Specialist in North Vancouver, I can help you navigate the market and find the best property for your needs.

Click Here to Connect with a real estate specialist

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October 2024-Buyer demand surges in October

After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver home sales surged more than 30 per cent year-over-year in October.

The Greater Vancouver REALTORS® (GVR) reports that residential sales registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase from the 1,996 sales recorded in October 2023. This was 5.5 per cent below the 10-year seasonal average (2,784).

“Typically, reductions to mortgage rates boost demand, and the strong October sales numbers suggest buyers may finally be responding to lower borrowing costs after waiting on the sidelines for months,” Andrew Lis, GVR’s director of economics and data analytics said. “To some market watchers, this rebound may come as a surprise, but with four consecutive rate cuts from the Bank of Canada – and more likely to come on the horizon – it was only a matter of time until signs of renewed strength in demand showed up.”

There were 5,452 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in October 2024. This represents a 16.9 per cent increase compared to the 4,664 properties listed in October 2023. This was 20 per cent above the 10-year seasonal average (4,545).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,477, a 24.8 per cent increase compared to October 2023 (11,599). This total is also 26.2 per cent above the 10-year seasonal average (11,475).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2024 is 18.8 per cent. By property type, the ratio is 13.4 per cent for detached homes, 22.5 per cent for attached, and 22.2 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“While the strength in October's numbers is encouraging, one data point does not make a trend," Lis said. "Recent data shows that market conditions have been decidedly balanced, with prices easing over the past few months. With the recent uptick in sales however, the attached and apartment segments are now tilting toward a seller’s market with the detached segment not far behind, suggesting the recent period of price moderation may be nearing an end."

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is $1,172,200. This represents a 1.9 per cent decrease over October 2023 and a 0.6 per cent decrease compared to September 2024.

Sales of detached homes in October 2024 reached 724, a 25.5 per cent increase from the 577 detached sales recorded in October 2023. The benchmark price for a detached home is $2,002,900. This represents a 0.3 per cent increase from October 2023 and a 1 per cent decrease compared to September 2024.

Sales of apartment homes reached 1,393 in October 2024, a 33.4 per cent increase compared to the 1,044 sales in October 2023. The benchmark price of an apartment home is $757,200. This represents a 1.6 per cent decrease from October 2023 and a 0.6 per cent decrease compared to September 2024.

Attached home sales in October 2024 totalled 501, a 40.7 per cent increase compared to the 356 sales in October 2023. The benchmark price of a townhouse is $1,108,800. This represents a 0.4 per cent increase from October 2023 and a 0.9 per cent increase compared to September 2024.


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North Vancouver vs. West Vancouver Real Estate Market Comparison-October 2023:

Key Datasets:

  • North Vancouver (VNV):

    • MLS® HPI Price: $1,392,300 (October 2023)

    • Sales: 194 (October 2023)

    • Total Inventory: 606 (October 2023)

    • Sales to Active Ratio: 32% (October 2023)

  • West Vancouver (VWV):

    • MLS® HPI Price: $2,658,100 (October 2023)

    • Sales: 53 (October 2023)

    • Total Inventory: 593 (October 2023)

    • Sales to Active Ratio: 9% (October 2023)

Comparative Analysis:

  • Price Changes:

    • Over the past year, North Vancouver's MLS® HPI Price increased by approximately 4.5%, while West Vancouver saw a rise of around 3.4%.

    • In the last five years, North Vancouver's home prices surged by about 48%, whereas West Vancouver experienced an increase of approximately 38%.

  • Sales and Inventory Changes:

    • In North Vancouver, the number of sales increased by 47% over the last year, with a 9% decrease in total inventory.

    • West Vancouver saw a decrease of 11% in sales and a 7% decrease in total inventory over the same period.

  • Sales to Active Ratio:

    • North Vancouver has a Sales to Active Ratio of 32%, categorizing it as a seller's market.

    • West Vancouver, with a Sales to Active Ratio of 9%, is considered to have a balanced market.

Percentage Changes (1 Year Ago, 5 Years Ago, and 10 Years Ago):

  • North Vancouver:

    • 1 Year Ago (October 2022):

      • MLS® HPI Price: +4.5%

      • Sales: +47%

      • Total Inventory: -9%

    • 5 Years Ago (October 2018):

      • MLS® HPI Price: +48%

      • Sales: +78%

      • Total Inventory: -18%

    • 10 Years Ago (October 2013):

      • MLS® HPI Price: +106%

      • Sales: +83%

      • Total Inventory: +28%

  • West Vancouver:

    • 1 Year Ago (October 2022):

      • MLS® HPI Price: +3.4%

      • Sales: -11%

      • Total Inventory: -7%

    • 5 Years Ago (October 2018):

      • MLS® HPI Price: +38%

      • Sales: +16%

      • Total Inventory: -23%

    • 10 Years Ago (October 2013):

      • MLS® HPI Price: +50%

      • Sales: -51%

      • Total Inventory: -23%

Market Condition Analysis:

  • North Vancouver is currently in a seller's market, indicating high demand and low supply. In contrast, West Vancouver's market is more balanced.

  • Both areas have experienced significant price growth over the past decade, with North Vancouver leading in percentage increases.

  • The Sales to Active Ratio in North Vancouver suggests a competitive market, while West Vancouver's ratio indicates a more stable environment. The most recent month's data in both areas appears typical of their recent trends, aligning with the broader market conditions observed over the past year.

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