North Vancouver and West Vancouver Market Update August 2020

Data sourced from SnapStats Publishing.

August Market Update

This is the price analysis for August 2020 in North Vancouver and West Vancouver. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends!

NORTH VANCOUVER

DETACHED

  • Market Type Indicator NORTH VANCOUVER DETACHED: Sellers Market at 36% Sales Ratio average (3.6 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $1.5 mil to $1.75 mil with average 77% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $3 mil to $3.5 mil, Edgemont, Forest Hills and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in Blueridge, Central Lonsdale, Deep Cove, Lynn Valley and 3 to 6 bedroom properties
**With minimum inventory of 10 in most instances

ATTACHED

  • Market Type Indicator NORTH VANCOUVER ATTACHED: Sellers Market at 24% Sales Ratio average (2.4 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $400,000 to $500,000 with average 34% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $700,000 to $800,000, Edgemont, Mosquito Creek and 2 bedroom properties
  • Sellers Best Bet** Selling homes in Harbourside, Lynnm our and minimum 4 bedroom properties
**With minimum inventory of 10 in most instances

WEST VANCOUVER

DETACHED

  • Market Type Indicator VANCOUVER WESTSIDE DETACHED: Balanced Market at 16% Sales Ratio average (1.6 in 10 hom es selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $1.75 mil to $2 mil with average 57% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes $5 mil plus, Shaughnessy, University and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in Arbutus, Cambie, Kitsilano, Mackenzie Heights and 3 to 4 bedroom properties
**With minimum inventory of 10 in most instances

ATTACHED

  • Market Type Indicator VANCOUVER WESTSIDE ATTACHED: Sellers Market at 23% Sales Ratio average (2.3 in 10 homes selling rate)
  • Homes are selling on average 100% of list price
  • Most Active Price Band** $400,000 to $500,000 with average 89% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $2 mil to $2.25 mil, Oakridge, SW Marine, South Cambie, South Granville and 4 plus bedrooms
  • Sellers Best Bet** Selling homes in Fairview, Kitsilano, Quilchena and up to 1 bedroom properties
****With minimum inventory of 10 in most instances