Rossetti Real Estate Review | April 2011
The market continued to be active in April, although there appears to be a slight cooling trend. Listing inventories are up approximately 17%, and sales are down approximately 14% from March. With increased selection buyers have more choices and fewer multiple offer situations are taking place.
The softening can be attributed in part to a seasonal slow down but also buyer resistance to the rapid price appreciation we have seen over the past few months. If you have been considering selling, now is an opportune time to complete a market consultation and update. We would be pleased to show you how to prepare your home for sale, what homes are selling for in your neighbourhood, and what properties are available for purchase.
If you have any questions about the market or know anyone who would like to receive our market updates, please let us know.
We look forward to hearing from you when the time is right.
Sincerely,
Jordan | Aaron | and Tony Rossetti
To read the entire April Rossetti Real Estate Review, click here.
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North Vancouver Market Trends
Market Analysis (sale averages*) :
Single Family Homes April 2011 March 2011 April 2010
Sales 107 130 122
List Price (LP) $1,049,042 $1,016,337 $941,844
Sale Price (SP) $1,050,986 $1,006,177 $933,138
Days on Market (DOM) 24 27 19
April 2011 High & Low Sales
Beds Baths SqFt LP ($) SP ($) DOM
High 7 9 5,631 2,298,000 2,250,000 191
Low 0 1 0 648,800 618,000 1
Price Range ($) listings Sales Av. DOM Abs. Rate%
0 - 600,000 5 0 -- --
600,001 - 700,000 21 9 22 42
700,001 - 800,000 43 15 27 34
800,001 - 900,000 53 21 19 39
900,001 - 1,000,000 45 17 20 37
1,000,001 - 1,150,000 38 13 21 34
1,150,001 - 1,300,000 39 12 22 30
1,300,001 - 1,500,000 39 10 14 25
1,500,001 - 1,750,000 18 3 13 16
1,750,001 - 2,000,000 13 4 70 30
2,000,001 - 2,250,000 11 3 58 27
2,250,001 + Plus 13 0 -- --