April 2012 North Vancouver Real Estate Market Update Newsletter
I've just completed my April 2012 North Vancouver Real Estate Market Update Newsletter. You can click the following link to view my newsletter, or scroll down and read it below.
Don Eilers April 2012 North Vancouver Real Estate Market Update Newsletter
Thank you for taking the time to check out my newsletter. If you have any questions or comments just "Talk to Don" at 604-889-9449 and/or don@doneilers.com.
Cheers,
April 2012 North Vancouver Real Estate Market Update Newsletter:
INCREASING SELECTION
This past month, home sales throughout Greater Vancouver were below the 10 year average while listings outpaced what normally happens in March. North Vancouver was much the same. Last year we sold 134 homes in March compared with 121 this year. Prices are up, however, 10.3% over the past year and 20.8% if you go back 5 years. For comparison, West Vancouver is up 18.4% over the past year and 37% if you go back 5 years.
It is in the apartment market where we have seen very little upward pressure on prices; in fact, we are up less than 1% in prices over the past year and only 7.6% over the past 5 years. This is due to the amount of new apartments coming online (12 projects in different phases of development) all going after the apartment buyer.
As always, it remains an exciting time in the real estate market here on the North Shore. If you’d like more details, or have questions or comments, please contact me directly at 604-889-9449 or don@doneilers.com.
