June Market Update North Vancouver

(July 12, 2012 , posted in NV Monthly Market Update)

With all the media hype out there, I like to refer to the actual statistics when talking about the market.  There are currently 433 detached houses listed in North Vancouver (compared with 321 at this time last year),504 apartments (444 last year) and 151 attached - meaning townhouses and duplexes (compared with 113 last year). Keep in mind that these numbers and the ones below are for the WHOLE OF NORTH VANCOUVER.  If you are interested in any of the sub-areas specifically please contact me and I will be happy to provide them for you.

Gross sales for year to date DETACHED:         $649,935,455
in 2011 the same was:                                       $754,118,284
which is a decrease of 13%
The average price per unit this year to date is: $1,092,328
in 2011 it was:                                                    $1,038,730
which is an increase of 5%

Gross sales for year to date ATTACHED:          $122,795,137
in 2011 the same was:                                       $143,468,902
which is a decrease of 14%
The average price per unit this year to date is: $682,195
in 2011 it was:                                                    $640,486
which is an increase of 6%

Gross sales for year to date APARTMENTS:     $189,673,838
in 2011 the same was:                                        $191,777,283
which is a decrease of 1%
The average price per unit this year to date is:  $407,025
In 2011 it was:                                                     $400,370
which is a increase of 1%

There are some very interesting graphs available from the Real Estate Board of Greater Vancouver.  If you are interested in the average price per square foot for different property types in North Vancouver you will find this one interesting. The days on market is shown in this graph. If you are interested in any further information give me a call or an email and let me know what you would like to find out.