November 2023

Dec. 4, 2023

As we approach the Holiday season, sales activity on the North Shore, though tapering off, is outperforming 2022.

In North and West Vancouver sales were up 4 per cent and 65.5 per cent respectively from November 2022 (this is a stark contrast to last November when sales were down 39.4 per cent in North Van and 61.8 per cent in West Van compared to 2021).

With rates significantly higher today, the fact that sales are up perhaps speaks to the long-term confidence consumers have in North Shore real estate.

It should be noted however, that sales remain inconsistent, with certain segments and price ranges performing better than others. 

To close out 2023, we expect market activity to continue to slow through the holidays, as many consumers start to look to the new year for a move.

In North Vancouver sales, although up year-over-year, were still 24.4 per cent below the 10-year November average (in 2023, all but one month trailed the 10-year average).

New listings were up 3.6 per cent from November of last year, while total listings were down 10.5 per cent from the same time, ending the month at 529 homes for sale – 19.4 per cent below the 10-year November average.

For all property types, the November 2023 sales-to-active listing ratio was 29.3 per cent.

By property type, the November ratios were: 25.7 per cent for detached houses,  40.0 per cent for townhomes, and 29.5 per cent for apartments.

By price range, the November ratios were:

In West Vancouver sales were 23.2 per cent below the 10-year November average (the 11th consecutive month for the year that sales trailed the 10-year average).

New listings were up 20.9 per cent from November 2022, while total listings were down 1.2 per cent from the same time, ending the month at 568 homes for sale – 5.2 per cent below the 10-year November average.

For all property types, the November 2023 sales-to-active listing ratio was 8.5 per cent.

By property type, the November ratios were: 7.4 per cent for detached houses, 6.3 per cent for townhomes, and 13.0 per cent for apartments.

By price range, the November ratios were:

Sales. 

Search all North and West Vancouver sales with access to all sold data (including listed and sale prices, days on market, and more):

North Vancouver Sales >>    |    West Vancouver Sales >>

As always, if you have any questions about the North or West Vancouver real estate market, or if we can assist you with a purchase or sale (now or in 2024) we'd be pleased to hear from you.  We can be reached at 604.983.2518, via the form on this page, or by appointment at our office 110 East 1st Street, North Vancouver.

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Past Listing & Sales STATS | November 2023

North Vancouver 

West Vancouver 

Note: Median sale prices not reported when there are less than 20 sales [*West Van condo sales: Nov 2023: 12 - Nov 2022: 11] - [*West Van Townhome sales: Nov 2023: 1 - Nov 2022: 0]