Market Trend

  • Rossetti Real Estate Review | Jan 2012

    Feb 07, 2012

    After another slow December, January has gotten off to a busy start. New listing in North Vancouver rose a whopping 319% from December, while West Vancouver saw a 393% increase. Although these may seem like alarming numbers, they are for the most part in-line with past increases.

    In North Vancouver, total sales rose 28% from January 2011, while new and total listings increased (18% and 5% respectively).

    West Vancouver saw sales decrease slightly from January 2011, down 11%, while new and total listings increased (36% and 20% respectively).

    Early in January, BC Assessment distributed new property assessments. Many were surprised to see assessments had risen significantly from last year. The assessments are a reflection of July 2011 values, when the market was perhaps stronger than it is today. If you have any questions about your assessment, or would like information to support an appeal, we will be pleased to assist you.

    To read our entire Rossetti Real Estate Review, click here.


        

North Vancouver Market Trend

Number of Sales:

Days on Market:

Median Sales Price:

Source: Real Estate Board of Greater Vancouver Multiple Listing Service. All information displayed is believed to be accurate but is not guaranteed. Re/Max Rossetti Realty does not assume any responsibility or liability

- The total number of sales in North Vancouver

- The number of properties sold in a given month depends on many factors, but is usually seasonal. Summer and Winter have fewer sales, while Spring and Fall tend to have more

- Days on Market (DOM) is the number of days a home is listed before going under contract

- DOM shown for a given month is the average DOM for all homes that sold

- Lower housing supply and more demand lead to lower DOM

- Higher housing supply and less demand lead to a higher DOM

- The average sale price of homes that sold in a given month

- Calculated by finding the sale price where 1/2 of the sales are higher and 1/2 are lower

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