January 2022
The first month of 2022 saw a continuation of 2021 trends, as pent-up demand and low listing supply is seemingly pushing prices higher with each sale.
In North Vancouver, sales were down 20.0 per cent from January 2021, with total listings down 42.7 per cent to just 287 homes for sale at month end.
For all property types, the January 2022 sales-to-active listing ratio was 50.3 per cent.
By property type, the January ratios were: 33.0 per cent for detached houses, 47.1 per cent for townhomes, and 66.7 per cent for apartments.
In West Vancouver, sales were up 4.4 per cent from January 2021, with total listings down 29.8 per cent to 342 homes for sale at month end.
For all property types, the January 2022 sales-to-active listing ratio was 13.7 per cent.
By property type, the January ratios were: 11.2 per cent for detached houses, 14.3 per cent for townhomes, and 39.4 per cent for apartments.
The market.
As is common to start the year, new listings have been slow to hit the market, which, in the face of already low supply and strong demand, is leading to some exceptional sales.
As an example, a recent, extremely well priced North Vancouver house sale received 39 offers!
For the entire month, there were just 37 single family home sales in North Van, so clearly there is demand that is not being met. With this, we are seeing inconsistency in sale prices relative to comparables, as motivation between buyers and properties can vary greatly.
As we head towards the spring, we expect the market will start to balance with more listings and some buyers, either through fatigue or being priced out, change their plans.
Until then, if you are thinking of selling, to change locations, move up or down market, or if you have an underperforming investment property, now is a great time to take advantage of the demand.
If you plan to buy, our team has experience in strong markets like these, and we would be pleased to guide you on how best to navigate the competition.
As always, we can be reached at 604.983.2518 or by completing the form on this page.
Sales. Search all the North and West Vancouver sales that sold in 2021 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 >>
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Past Listing & Sales STATS | January 2022
North Vancouver
| Jan - 22 | Jan - 21 | % Chg | |
| New Listings | 260 | 332 | - 21.7 |
| Total Listings | 287 | 501 | - 42.7 |
| Sales | 144 | 180 | - 20.0 |
| Sales/Listings Ratio | 50.3% | 36% | + 40.1 |
| SP/Original LP | 100% | 98.7% | + 1.3 |
| Days on Market | 7 | 13 | - 46.2 |
| Median Sale Price | |||
| Condo | $800,250 | $699,250 | + 13.5 |
| Townhome | $1,384,000 | $1,184,950 | + 16.8 |
| House | $2,250,000 | $1,840,000 | + 22.3 |
West Vancouver
| Jan - 22 | Jan - 21 | % Chg | |
| New Listings | 138 | 187 | - 26.2 |
| Total Listings | 342 | 487 | - 29.8 |
| Sales | 47 | 45 | + 4.4 |
| Sales/Listings Ratio | 13.7% | 9.2% | + 48.9 |
| SP/Original LP | 96.7% | 94.6% | + 2.2 |
| Days on Market | 25 | 63 | - 60.3 |
| Median Sale Price | |||
| Condo | --* | --* | -- |
| Townhome | -- ** | -- ** | -- |
| House | $3,080,000 | $3,100,000 | - 0.6 |
*Note: Median sale prices not reported when there are less than 20 sales [*West Van condo sales: Jan 2022: 13 - Jan 2021: 11] -- [**West Van Townhome sales: Jan 2022: 1 - Jan 2021: 4]