Homes Selling Fast According to North Vancouver Housing Statistics
We’ve summed up the North Vancouver housing statistics for you. The real estate on the North Shore and Greater Vancouver both continue to showcase a strong performance as we move further along into the year. The Real Estate Board of Greater Vancouver (REBGV) recently released the housing statistics for March and its conclusion? Demand for housing continues to outpace the supply in the city. Without a shadow of doubt, it continues to be a good market to sell your property. The numbers prove it: sales for March 2017 were nearly 8% above the month’s 10 year average. If you’re looking to sell, we’re confident that now is a great time to list.
Homes being listed remain far lower in quantity than the number of buyers on the hunt for a real estate investment or a forever home. The result continues to be an ongoing upwards pressure on housing prices. Buyers needn’t worry, however, as homes for every budget continue to be available. Homes in North Vancouver are just selling quickly, especially the nice ones. Condos, townhouses and detached housing all remain on the market as sellers continue to list.
North Vancouver Real Estate Market Doing Well
Home sales in North Vancouver are performing strongly. In particular, real estate listings in Central Lonsdale, Hamilton, Pemberton and Roche Point are selling in large numbers and quickly. Most homes are selling for above their listing price which is an exceedingly attractive proposition if you’re looking to make a profit on your real estate investment.
If you’re hoping to buy, we strongly recommend considering neighbourhoods like Boulevard, Forest Hills and Upper Delbrook. The number of listings in these districts are slightly higher and will allow you to consider a wider array of real estate options. Set on a luxury home? For a piece of the more premium neighbourhoods on the North Shore, be prepared to offer upwards of $1.6 or above $2 million for your ideal detached home, especially if it’s a newer home.
Real Estate Board: Demand Outpacing Supply
The REBGV’s March North Vancouver housing statistics are convincing naysayers that real estate remains the way to go for a worthwhile investment. It’s worth noting that Snapstats’ data strongly supports the REBGV’s assertion that the housing market remains hot. If you’re not convinced yet, Snapstats’ numbers for March last year showed that the most active price band for houses sold was between $1-$1.25 million. This year that range is between $1.25-$1.5 million. Get in the market while you can. People want in on the real estate market because they understand it’s a solid investment at the right time.
Contact Us For Your Housing Needs Today
Finding a REALTOR® who has the experience and know-how in North Vancouver is essential to getting a competitive price for your home. With over 15 years of real estate knowledge and the insider knowledge only a local can have, we’re uniquely qualified to help you with your housing needs.
Contact us today! We’d love to chat. Sharing some of our extensive experience in the North Shore housing market is something we enjoy doing to benefit our clients. We’d be happy to answer any of your questions or concerns big or small.