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North Vancouver Market Update

Blog by Patricia Houlihan - Personal Real Estate Corporation | November 27th, 2019

North Vancouver Market Update


The market in North Vancouver has really picked up recently with Deep Cove (areas east of the bridge) being one of the BEST AREAS FOR SELLERS  in North Vancouver.


In North Vancouver, everything under $1.25 has been selling right away and 60% of homes from $1.25 to $1.5 have also been selling quickly. We have also seen 44% of homes from $1.5 to $1.75 selling. This is a SIGNIFICANT improvement when compared to sales over the past year or so.   Even in the $2 million to $2.25 price range we have seen 45% of homes selling. These numbers all put North Vancouver in a strong sellers' market for detached homes. In Deep Cove 63% of homes are selling and in some other areas east of the bridge up to 67% of homes are selling.  These are very good numbers for sellers. We have had multiple offers for 2 of our sellers recently with both selling over asking and higher than recent comparable sales would have suggested prices should be.  


We don't know if this is a temporary improvement or whether we are seeing a longer-term recovery. If the federal government brings in more measures to assist buyers, we could see another slump similar to what happened over the past 2 years, but for now the market is HOT!


If you would like more detailed information on the market and your particular situation or if you would like a free home evaluation, please contact me.