May 2016 Market Report
Homes continue to sell at an unprecedented rate in communities across the region. Economic and job growth continues to outperform most regions in the country, which is underpinning todays market activity. Sales last month rank as the highest sales total on record for May, but were down .3% from April 2016. There were 2.3% more listings on the market in May than April. Demand
Below are the stats for North Shore specific. Ask us for the activity on your specific area or market.
North Vancouver Real Estate Statistics
DETACHED PROPERTIES
- Official Market Type: Sellers market at 65% Sales Ratio (6.5 in 10 homes selling)
- Homes are selling on average 3% above list price
- Most Active Price Band $2 mil- $2.5 mil
Buyers Best Bet Homes: between $3 mil to $3.5 mile Boulevard,Central Lonsdale,Lynnmour,Westlynn and 5 to 6 bedrooms
Sellers Best Bet Homes: Selling homes in Edgemont, Upper Lonsdale and 3 to 4 bedroom properties
ATTACHED PROPERTIES
- Official Market Type Sellers market 100% Sales Ratio (10 in 10 homes selling)
- Homes are seling on average 3% above list price
- Most Active Price Band $1.25 mil to $1.5 mi
Buyers Best Bet: Homes between $800,000 to $900,000 LynnValley and 2 bedroom properties
Sellers Best Bet: Selling homes in Hamilton, Pemberton, Roche Pointand minimum 4 bedroom properties
West Vancouver Real Estate Statistics
DETACHED PROPERTIES
- Official Market Type Sellers market 27% Sales Ratio (2.7 in 10 homes seling rate)
- Homes are seling on average 3% below list price
- Most Active Price Band $2.5 mil to $2.75 mil
Buyers Best Bet: Homes $2 mil to $2.25 mil Bayridge,Gleneagles,Howe Sound,West Bay, Westmount and up to 2 bedrooms
Sellers Best Bet: Selling homes in Chartwell, Dundarave and 3 to 4 bedroom properties
ATTACHED PROPERTIES
- Official Market Type Sellers market at 89% Sales Ratio (8.9 in 10 homes selling)
- Homes are selling on average 4% below list price
- Most Active Price Band $400,000- $500,000 and $800,000 to $900,000
Buyers Best Bet: Homes with 2 bedrooms
Sellers Best Bet: Selling homes in Ambleside, Dundarave and up to 1 bedroom properties
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