MATT WARNER

Cell 604-928-9107

Office 604-984-9711

Email: matt@mattwarner.ca

Here is the latest sales statistics on Attached Home Sales in North Vancouver in October 2013.

 

Variance                                        September        Ocotober       Variance

 

Inventory                                        559                     541                -3.22%
Solds                                               80                        108                  35.00%
Sale Price (Median)                   $428,000          $439,950          2.79%

Sale to List Price Ratio                 97.5%                  99.1%              1.64%
Days on Market                               52                        28                 -46.15%

 

Below you will find a summary of some further information on the Attached Home Sales in North Vancouver:

 

  • Official Market Type North Vancouver Attached: Balanced market at 20% Sales Ratio average (21% is a Sellers Market)
  • Homes are selling on average 1% below list price
  • Most Active Price Band*: $0 to $300,000 with average 28% Sales Ratio (2.8 in 10 homes selling)
  • Buyers Best Bet*: Homes between $900,000 to $1 mil, Central Lonsdale, Hamilton, Upper Lonsdale and 2 bedroom properties
  • Sellers Best Bet*: Selling homes in Lynn Valley, Norgate, Northlands, Roche Point and minimum 3 bedroom properties

*Min inventory of 10 where possible.

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Here is the latest sales statistics on Detached Home Sales in North Vancouver in October 2013.

 

Variance                                        September           October       Variance

 

Inventory                                        379                     347                -8.44%
Solds                                               77                        105                  36.36%
Sale Price (Median)                   $968,000          $1,042,000         7.64%

Sale to List Price Ratio                 97%                  98.3%              1.34%
Days on Market                               18                        17                 -5.56%

 

Below you will find a summary of some further information on the Detached Home Sales in North Vancouver:

 

  • Official Market Type North Vancouver Detached: Sellers market at 30% Sales Ratio average (3 in 10 homes selling)
  • Homes are selling on average 2% below list price
  • Most Active Price Band*: $1 mil to $1.25 mil with average 57% Sales Ratio (6 in 10 homes selling)
  • Buyers Best Bet*: Homes between $2.25 mil to $2.5 mil, Dollarton, Seymour and 5 - 6 bedroom properties
  • Sellers Best Bet* Selling homes in Blueridge, Lynn Valley, Pemberton Heights and up to 2 bedroom properties

*with min inventory of 10 where possible.

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Deciding when to purchase a home can be confusing.  Prices can fluctuate due to the economy in general.  A poor economy can often mean lower home prices.  Home prices also vary seasonally, with slightly lower prices in the middle of winter.  In general, these fluctuations are the result of imbalances in supply and demand. When there are more sellers than buyers, prices go down.  Prices can also bounce up as well, if demand exceeds supply.

Most importantly however, is consideration of your individual situation.  Are you ready both financially and emotionally for a move?  Think about what you hope to achieve with your purchase.  

Regardless of the time of year or the state of the economy, there are always opportunities available to those that look for them.

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