North Vancouver Condo/Apartment Property Statistics (1-Br)

North Vancouver
In North Vancouver there are currently 83 active one-bedroom properties for sale, ranging in price from $169,000. to $688,000., with the average asking price being $353,045. There have been 97 sales since October, with the average selling price being $326,719. and the average cost per square foot being $471. The least expensive sale price last year was for $149,000. in June and the most expensive was for $710,000. in July. With 83 properties currently for sale and taking into account the average number of sales per month over the last 3 months, there is currently a 3 month supply of homes.*

Lower Lonsdale
In Lower Lonsdale there are currently 26 active one-bedroom properties for sale, ranging in price from $219,900. to $688,000., with the average asking price being $353,822. There have been 56 sales since October, with the average selling price being $330,766. and the average cost per square foot being $481. The least expensive sale price last year was for $160,000. in June and the most expensive so far this year was for $480,000. in January. With 26 properties currently for sale and taking into account the average number of sales per month over the last 3 months, there is currently a 1 & 1/2 month supply of homes.

The Pier
In The Pier there are currently 6 active one-bedroom properties for sale, ranging in price from $335,000. to $688,000., with the average asking price being $446,813. There have been 6 sales since October, with the average selling price being $426,250. and the average cost per square foot being $637. The least expensive sale price so far this year was for $346,000. in May and the most expensive was for $462,500 in August. With 6 properties currently for sale and taking into account the average number of sales per month over the last 3 months, there is currently a 4 & 1/2 month supply of homes.

*Absorption Rate: A supply of under 3 months represents a “Seller’s Market.” A supply of over 6 months represents a “Buyer’s Market.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: