MARKET STATS April 2021

NORTH VANCOUVER
476 +401.1%

Total Sales vs April 2020

670 +205.9%

New Listings vs April 2020

615 -12.1%

Total Listings vs April 2020

WEST VANCOUVER
113 +303.6%

Total Sales vs April 2020

284 +222.7%

New Listings vs April 2020

547 +2.4%

Total Listings vs April 2020

April 2021

May 3, 2021

North Shore sales and listing activity smashed through last year’s April totals – showcasing the strength of the recovery from the onset of the pandemic.

In North Vancouver, total reported sales were up 401.1 per cent from April 2020, the highest monthly sales ever recorded in North Van (beating the record set last month) and 84.5 per cent above the 10-year April average.

New listings were up 205.9 per cent from last April, while total listings were down 12.1 per cent from the same time, ending the month at 670 homes for sale (25.0 per cent below the 10-year April average).

For all property types, the April 2021 sales-to-active listing ratio was 77.4 per cent, a slight drop from last month’s 82.4 per cent, yet still among the highest absorption rates ever recorded.

By property type, the April ratios were: 77.5 per cent for detached houses, 88.6 per cent for townhomes, and 74.7 per cent for condos.

By price range, the ratios were:

< $750,000:        80.3 per cent
$750k to $1M: 69.3 per cent
$1M - $1.5M: 92.4 per cent
$1. 5M - $2M: 85.5 per cent
$2M - $2.5M: 96.4 per cent
$2.5M - $3M:   62.2 per cent
> $3M:  27.1 per cent

 

North Van Prices.

The MLS® Home Price Index (HPI) composite benchmark price of a house in North Vancouver was $1,880,400 (up 21.7 per cent from April 2020). The MLS® HPI price of a condo in North Vancouver was $625,700 (up 8.9 per cent from April 2020). The MLS® HPI price of a townhome in North Vancouver was $1,080,300 (up 9.9 per cent from April 2020).


In West Vancouver, total reported sales were up 303.6 per cent from April 2020 and 23.5 per cent above the 10-year April average. Despite this, sales were down 22.1 per cent from last month, marking the first decline of the year.

New listings were up 222.7 per cent from last April, while total listings were up 2.4 percent from the same time, ending the month at 547 homes for sale (15.1 per cent below the 10-year April average).

For all property types, the April sales-to-active listings ratio was 20.7 per cent, a slight drop from last month’s 29.8 per cent, yet still well into a ‘seller’s market’ territory.

By property type, the April 2021 sales-to-active listing ratios were: 18.4 per cent for detached houses, 16.7 per cent for townhomes, and 35.0 per cent for condos.

By price range, the April ratios were:

< $1M:          60.0 per cent
$$1M - $2M:       21.2 per cent
$2M - $3M: 29.2 per cent
$3M - $4M: 22.4 per cent
$4M-$5M: 19.7 per cent
$5M-$6M:   9.4 per cent
>$6M 7.3 per cent

 

West Van Prices.

The MLS® Home Price Index (HPI) composite benchmark price of a house in West Vancouver was $3,023,200 (up 17.7 per cent from April 2020). The MLS® HPI price of a condo in West Vancouver was $1,160,000 (up 16.5 per cent from April 2020).

 

Sales. 

Search all the North and West Vancouver real estate sales with access to all sold data (including list & sale prices, days on market, and more). Start searching at the links below:

North Vancouver Sales >>    |    West Vancouver Sales >>


Stats Revisited.

The full weight of the pandemic was felt on our market in April 2020; as fear, uncertainty, and restrictions put many buyers’ and sellers’ plans on hold. As such, activity last year was severely depressed. Contrast that to April of this year, with record low interest rates and renewed optimism that, potentially, the end of the pandemic in sight, the sales and listing activity was guaranteed to see significant growth.



The Market.

Despite the continued strong sales, there are signs that activity is starting to balance out. We are sensing on our listings, as well as from other agents we talk to, that buyer interest isn’t as robust as it was a few months ago. This could be indicative of a seasonal trend, as much of the pent-up demand has been satisfied by increased listings brought on due to the time of year; or it could represent a shift in buyer sentiment, combined with increased values, and modestly higher interest rates making it less affordable.

 

As always, if you have questions about the market stats in our review, the value of your home, or are considering a move, we'd love to hear from you. We can be reached at 604.983.2518 or by completing the form on this page

 


Stay up-to-date on the market. Subscribe to our newsletter at the link below for our monthly market reports!

Subscribe

 

Past Listing & Sales STATS | April 2021

North Vancouver 

  April -  21        April - 20     % Chg
New Listings 670 219 + 205.9
Total Listings 615 700 - 12.1
Sales 476 95 + 401.1
Sales/Listings Ratio   77.4% 13.6% + 469.1
SP/Original LP 100.3% 96.5% + 3.9
Days on Market 8 11 - 27.3
Median Sale Price      
      Condo  $699,000 $650,000 + 7.5
      Townhome   $1,180,100 $915,000 + 29.0
      House   $1,935,000     $1,511,500   + 28.0

 


West Vancouver 

  April - 21        April - 20        % Chg
New Listings 284 88 + 222.7
Total Listings 547 534 + 2.4
Sales 113 28 + 303.6
Sales/Listings Ratio   20.7% 5.2% + 298.1
SP/Original LP 97.1% 90.5% + 3.9
Days on Market 13 28 - 53.6
Median Sale Price      
      Condo  $880,000 --** --
      Townhome   -- ** -- --
      House   $3,300,000     $2,925,000    + 12.8

 

**Note: Median sale prices not reported when there are less than 20 sales [West Van condo sales: April 2021: 28 - April 2020: 6] -- [West Van Townhome sales: April 2021: 4 - April 2020: 1]

 

Active Listing Stats

As of May 17, 2021 a 03:00 PM

NORTH VANCOUVER
662

Homes for Sale

33

Average Days on Market

$2,280,000

Median List Price of a House

WEST VANCOUVER
563

Homes for Sale

71

Average Days on Market

$3,990,000

Median List Price of a House

Disclaimer: Historical sales, listings, and price data is from the Real Estate Board of Greater Vancouver as of the date published. Days on Market and Average Sale Prices are calculated as Medians. Note: Active Listing Statistics are based on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.