MARKET STATS August 2020

NORTH VANCOUVER
249 +35.3%

Total Sales vs August 2019

486 +86.2%

New Listings vs August 2019

903 -1.3%

Total Listings vs August 2019

WEST VANCOUVER
64 +28.0%

Total Sales vs August 2019

190 +40.7%

New Listings vs August 2019

651 -7.7%

Total Listings vs August 2019

August 2020

Sept. 2, 2020

North Shore listings and sales continued to defy seasonal trends as home buyers and sellers remained active in August.

North Vancouver saw the second highest monthly sales total for all of 2020 with 249 sales reported for the month, an increase of 35.3 per cent from August 2019 and 38.3 per cent above the 10-year August average.

New listings were up 86.2 per cent from last year and were 74.5 per cent above the 10-year August average, as 486 homes came to market during the month versus 261 in August 2019. Despite the jump in new listings, total listings increased less than 1 per cent from July, and were down 1.3 per cent from August 2019.  

For all property types, the August sales-to-active listing ratio was 27.6 per cent (a Seller's market)

By property type, the Aug 2020 sales-to-active listing ratios were: 32.7 percent for detached houses, 39.5 per cent for townhomes, and 20.2 percent for apartments.

By price range, the ratios were 27.8 per cent under $750,000, 23.4 per cent $750k to $1M, 33.7 percent $1M - $1.5M, 40.3 percent $1. 5M - $2M, 26.1 percent $2M - $2.5M, 22.5 per cent $2.5M - $3M, and 2.7 per cent over $3M.

The MLS® Home Price Index (HPI) composite benchmark price of a house in North Vancouver was $1,614,900 (up 9.5 per cent from August 2019). The MLS® HPI price of a condo in North Vancouver was $583,600 (up 5.0 per cent from August 2019). The MLS® HPI price of a townhome in North Vancouver was $1,014,900 (up 5.7 per cent from August 2019).

West Vancouver also saw the second highest monthly sales total for all of 2020 with 64 sales reported for the month, an increase of 28.0 per cent from August 2019, although 6.0 per cent below the 10-year August average.

New listings were up 40.7 per cent from last year and were 28.3 per cent above the 10-year August average, as 190 homes were listed during the month versus 135 in August 2019. Total listings were down 7.7 per cent from August 2019 and are 4.5 per cent below the 10-year August average.

For all property types, the August sales-to-active listings ratio was 9.8 per cent (a Buyer's market).

By property type, the Aug 2020 sales-to-active listing ratios were: 10.8 per cent for detached houses,  10.5 per cent for townhomes, and 7.7 per cent for apartments.

By price range, the ratios were 13.0 per cent under $1M, 13.1 per cent $1M - $2M, 14.7 per cent $2M - $3M, 5.8 per cent $3M - $4M, 6.3 per cent $4M-$5M, and 5.7 per cent over $5M.

The MLS® Home Price Index (HPI) composite benchmark price of a house in West Vancouver was $2,671,600 (up 6.0 per cent from August 2019). The MLS® HPI price of a condo in West Vancouver was $1,001,600 (down 5.7 per cent from August 2019).

Sales. Search all the North and West Vancouver sales the day they are reported sold with access to all sold data (including listed and sale prices, days on market, and more). Get started at the links below:

North Vancouver Sales >>    |    West Vancouver Sales >>

Recap. August is typically a slower month for listings and sales as many buyers and sellers pause their plans for Summer vacation. No doubt pent-up demand from the beginning of Covid-19, historically low interest rates, and the general sense of safety of Vancouver real estate has added to activity and caused the market to buck the typical seasonal trend.

Moving forward. The uncertainty of Covid-19 makes it challenging to predict what will happen this Fall. It’s likely that we will see a slowing of listings and sales as the market works through the pent-up activity, though we have yet to see any meaningful shifts in activity.

As always, if you have questions about the market, or are starting to think about a move, we’d be pleased to offer insights and advice tailored to you.  We can be reached at 604.983.2518 or by completing the form on this page.

 


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Read the Real Estate Board of Greater Vancouver's July stats report here >>

 
Past Listing & Sales STATS | August 2020

North Vancouver 

  Aug -  20        Aug - 19     % Chg
New Listings 486 254 + 86.2
Total Listings 903 915 - 1.3
Sales 249 184 + 35.3
Sales/Listings Ratio   27.6% 20.1% + 37.3
SP/Original LP 97.3% 95.7% + 1.7
Days on Market 13 29 - 55.2
Median Sale Price      
      Condo  $624,000 $632,000 -  1.3
      Townhome   $1,060,000 $940,000 + 12.8
      House   $1,710,000     $1,497,500   + 14.2

 


West Vancouver 

  Aug - 20        Aug - 19        % Chg
New Listings 190 135 + 40.7
Total Listings 651 705 - 7.7
Sales 64 50 + 28.0
Sales/Listings Ratio   9.8% 7.1% + 38.0
SP/Original LP 93.8% 88.8% + 5.6
Days on Market 36 59 - 39.0
Median Sale Price      
      Condo  -- ** -- --
      Townhome   -- ** -- --
      House   $2,700,000     $2,500,000    + 8.0

 

**Note: Median sale prices not reported when there are less than 20 sales [West Van condo sales: Aug 2020: 11 - Aug 2019: 8] -- [West Van Townhome sales: Aug 2020: 4 - Aug 2019: 0]

 

Active Listing Stats

As of September 23, 2020 a 02:40 PM

NORTH VANCOUVER
910

Homes for Sale

52

Average Days on Market

$1,998,800

Median List Price of a House

WEST VANCOUVER
620

Homes for Sale

96

Average Days on Market

$3,998,000

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.