October Market Updates

North Vancouver Condo/Townhouse

548
+19%

Inventory Count

204
+23.5%

Sold Listings

$922,700

Sale Prices

North Vancouver House Detached Stats

251
-23%

Inventory Count

128
+43%

Sold Listings

$1,884,689

Sale Prices

With a combination of low rates, low inventory and the idea of “more space” the townhouse and entry level home markets in North Vancouver are 🔥 in today’s market place.

The Fall market usually picks up after the Labour Day long weekend when the kids are back to school and everyone is “back to routine”; however, this year things are a little different. Interest rates remain at a record low and the need for more space, especially as the months get colder, is more important then ever.

 

The market right now is dominated by locals, and while that may seem very obvious (hello we are in a pandemic and flying into Canada, if you’re not a local, isn’t easy), what goes a long way with local buyers is AFFORDABILITY, which would explain why those townhouses and entry level homes + homes with a mortgage helper are so active.  If you’re a buyer in the luxury market, it’s a good time to buy. If you’re a first time buyer, it’s also a good time to buy right now.

 

North Vancouver Detached Homes:

North Vancouver Condos:

North Vancouver Townhomes:

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