Dan Morrison

Dan's analysis of the North Vancouver market in January 2013

 I have drilled down on our REBGV stats for January to get a better feel for what is happening specifically in North Vancouver. To summarize, in January 2013 we had -

 
172 new detached (house) listings with 52 sales
53 new attached (townhouse/half duplex) listings with 16 sales, and
141 new apartment listings with 38 sales.
 
So while the inventory jumped up, the sales remained pretty flat compared to December. Interestingly prices held and in some cases, were actually up marginally. The bottom line however is that with a North Vancouver sales to total listings ratio of about 17% we are still a long way from the activity level last May, at the peak of the market, when the ratio was about 28%. The good news is that buyers are out there but if you want to sell, you have to be priced right. The first week of February is looking a little better with 109 new listings (of all types) with 42 sales which is at about 10% higher ratio sales to new listing than January. Let's hope this trend continues into the spring market.
 
If you would like any more specific information, please do not hesitate to ask. 
 
Dan
Comments:
Cynthia Curll on Feb 25, 2013 10:30 PM posted:
Thanks Dan - very good info:) We appreciate the breakdown.

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.