Blog by Michael Giesbrecht

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North Vancouver Single Family Home Market Update

There are currently 389 single family homes for sale in North Vancouver, ranging in price from $249,000 for a 4-bedroom 1,300 square foot water-access-only house in Brighton Beach, to $15,488,000 for a 4- bedroom, 7,200 square foot waterfront estate on Beachview Dr.

There have been 372 sales in the last 90 days, with the average sale price during that time coming in at $1,166,865 and the median sale price being $1,075,000.  The least expensive sale price so far this year was for a 2-bedroom, 1,200 square foot home in Buntzen Bay for $532,500 and the most expensive so far this year was for a 7-bedroom, 13,000 square-foot waterfront home in Deep Cove, for a little under $6,000,000.

With 389 North Vancouver homes currently for sale and taking into account 124 sales per month over the last 3 months, there is currently a 3 month supply of homes, meaning the Absorption Rate is 3.0.  The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time.  A supply of 3 months or less (a.k.a. an Absorption Rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers.  This is a snapshot of North Vancouver overall and one would want to drill down deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current North Vancouver Homes For Sale:
There are 3 one (1) bedroom homes
There are 19 two (2) bedroom homes
There are 80 three (3) bedroom homes
There are 118 four (4) bedroom homes
There are 92 five (5) bedroom homes
There are 46 six (6) bedroom homes
There are 22 seven (7) bedroom homes
There are 3 eight (8) bedroom homes
There is 1 nine (9) bedroom home

Price Range of Current North Vancouver Homes For Sale:
(There are currently 20 homes priced under $750,000 in North Vancouver)
$ 100,000 - $200,000 -  0  homes
$ 200,000 - $300,000 – 2
$ 300,000 - $400,000 – 2
$ 400,000 - $500,000 – 3
$ 500,000 - $600,000 – 3
$ 600,000 - $700,000 – 6
$ 700,000 - $800,000 – 17
$ 800,000 - $900,000 – 39
$ 900,000 - $1,000,000 – 37
$ 1 - 1.1 million – 23
$ 1.1 - 1.2 million – 32
$ 1.2 - 1.3 million – 45
$ 1.3 - 1.4 million – 39
$ 1.4 - 1.5 million – 18
$ 1.5 - 1.75 million – 36
$ 1.75 - 2.0 million – 18
$ 2.0 - 2.5 million – 30
$ 2.5 - 3.0 million – 10
$ 3.0 - 4.0 million – 9
$ 4.0 - 5.0 million – 2
$ 5.0 - 6.0 million – 2
$ 6.0 - 7.0 million – 0
$ 7.0 - 10.0 million – 1
> $10 million - 2

North Vancouver Homes For Sale By Community:
Blueridge – 18
Boulevard – 17
Braemar – 3
Calverhall – 5
Canyon Heights – 51
Capilano – 7
Central Lonsdale – 17
Deep Cove – 20
Delbrook – 4
Dollarton – 15
Edgemont – 22
Forest Hills – 10
Grouse Woods – 3
Hamilton – 5
Hamilton Heights – 1
Indian Arm – 12
Indian River – 3
Lower Lonsdale – 5
Lynn Valley – 30
Lynnmour – 12
Norgate – 4
Northlands – 6
Pemberton Heights – 16
Pemberton – 9
Princess Park – 4
Queensbury – 2
Roche Point – 4
Seymour – 7
Tempe – 1
Upper Delbrook – 16
Upper Lonsdale – 32
Westlynn – 11
Westlynn Terrace – 2
Windsor Park – 5
Woodlands – Sunshine – Cascade – 9

 

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