North Vancouver Single Family Home Update

June 28, 2011

There are currently 332 single family homes for sale in North Vancouver ranging in price from $549,900 for a 2 bedroom 1,500 square foot house in Westlynn to $15,000,000 for a 10 bedroom, 13,000 square foot waterfront home on Beachview.

There have been 505 sales since March 1st, with the average sale price during that time coming in at $1,056,118. The least expensive sale price so far this year was for a 5-bedroom, 2,500 square foot Vancouver Special in the Seymour area for $495,000 and the most expensive so far this year was for a 4-bedroom, 6,500 square foot waterfront home in Dollarton for $6,200,000.

With 332 North Vancouver homes currently for sale and taking into account 152 sales last month, there is currently a 2 month supply of homes, meaning the Absorption Rate is 2. 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 in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current North Vancouver Homes For Sale:
There are 7 one (1) bedroom homes
There are 23 two (2) bedroom homes
There are 76 three (3) bedroom homes
There are 98 four (4) bedroom homes
There are 82 five (5) bedroom homes
There are 33 six (6) bedroom homes
There are 13 seven (7) bedroom homes
There are 4 eight (8) bedroom homes
There are 9 nine (9) bedroom homes
There are 1 ten (10) bedroom homes
There is 0 eleven (11) bedroom homes

There are currently 37 homes priced under $750,000 in North Vancouver

North Vancouver Homes For Sale By Community:
Blueridge – 9
Boulevard – 9
Braemar – 3
Calverhall – 9
Canyon Heights – 29
Capilano Highlands – 15
Capilano – 4
Central Lonsdale – 15
Deep Cove – 26
Delbrook – 3
Dollarton – 6
Forest Hills – 7
Grouse Woods – 7
Hamilton – 8
Hamilton Heights – 0
Indian Arm – 7
Indian River – 6
Lower Lonsdale – 7
Lynn Valley – 34
Lynnmour – 7
Norgate – 4
Northlands – 2
Pemberton Heights – 8
Pemberton – 8
Princess Park – 6
Queensbury – 6
Roche Point – 1
Seymour – 11
Tempe – 4
Upper Delbrook – 8
Upper Lonsdale – 33
Westlynn – 10
Westlynn Terrace – 1
Windsor Park – 9
Woodlands – Sunshine – Cascade – 10

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West Vancouver Condo Update

June 26, 2011

There are currently 108 condominium apartment homes for sale in West Vancouver ranging in price from $235,000 for a 459 square foot studio in Ambleside to $7,800,000 for a 4 bedroom, 4,811 square foot penthouse in Dundarave.

There have been 80 sales since March 1st, with the average sale price for a 1-bedroom during that time coming in at $487,051 and for a 2-bedroom coming in at $1,318,298. The least expensive sale price so far this year for a 1-bedroom was for a 431 square foot renovated suite with mountain views for under $235,000 and the most expensive so far this year was for an 1,100 square foot home with ocean views in a newer building in Dundarave for the mid 800’s. The least expensive sale price so far this year for a 2-bedroom was for a 728 square foot home in an older building in Ambleside for $360,000 and the most expensive so far this year was for a 2,400 square foot Dundarave home with sweeping ocean views and exquisite finishings for $5,000,000.

With 27 West Vancouver 1-bedroom condos currently for sale and taking into account 8 sales last month, there is currently a 3 and 1/2 month supply of homes, meaning the Absorption Rate is 3.5. With 67 West Vancouver 2-bedrooms for sale and taking into account 20 sales last month, there is currently a 3 & ½ month supply of those homes as well, with the same absorption rate of 3.5. 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 condos in West Vancouver overall and one would want to drill down in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Condominium Homes For Sale:
There are 4 studio homes
There are 27 one (1) bedroom homes
There are 67 two (2) bedroom homes
There are 9 three (3) bedroom homes
There is 1 four (4) bedroom home

There are currently 24 two-bedroom homes priced under $750,000 in West Vancouver.

West Vancouver Condominium Homes For Sale By Community:
Altamont – 0 homes for sale
Ambleside – 45
Bayridge – 0
British Properties – 0
Canterbury – 0
Caulfeild – 0
Cedardale – 3
Chartwell – 0
Chelsea Park – 0
Cypress – 0
Cypress Park Estates – 6
Deer Ridge – 2
Dundarave – 20
Eagle Harbour –0
Eagleridge – 0
Furry Creek – 0
Gleneagles – 0
Glenmore – 0
Horseshoe Bay – 3
Howe Sound – 0
Lions Bay – 1
Olde Caulfeild – 0
Panorama Village – 11
Park Royal – 10
Queens – 0
Rockridge – 0
Sandy Cove – 0
Sentinel Hill – 0
Upper Caulfeild – 0
West Bay – 0
Westhill – 0
Westmount – 0
Whitby Estates – 7
Whytecliff – 0


West Vancouver Single Family Home Update

June 24, 2011

There are currently 482 single family homes for sale in West Vancouver ranging in price from $675,000 for a 2 bedroom rancher in Lions Bay to $39,000,000 for an 11 bedroom, 29,770 square foot mansion on a 5.44 acre lot at 2190 Camelot Road.

There have been 516 sales since March 1st, with the average sale price during that time coming in at $2,205,649. The least expensive sale price so far was for a 3-bedroom west coast contemporary in Lions Bay for a little under $630,000 and the most expensive so far was for a 6-bedroom, 10,000 square foot beauty in Caulfeild with stunning views, for a little under $11,000,000.

With 482 West Vancouver homes currently for sale and taking into account 161 sales last month, there is currently a 3 month supply of homes, meaning the Absorption Rate is 3. 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 West Vancouver overall and one would want to drill down in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Homes For Sale:
There are 0 one (1) bedroom homes
There are 21 two (2) bedroom homes
There are 102 three (3) bedroom homes
There are 156 four (4) bedroom homes
There are 114 five (5) bedroom homes
There are 58 six (6) bedroom homes
There are 13 seven (7) bedroom homes
There are 4 eight (8) bedroom homes
There are 2 nine (9) bedroom homes
There are 0 ten (10) bedroom homes
There is 1 eleven (11) bedroom home

West Vancouver Homes For Sale By Community:
Altamont – 16 homes for sale
Ambleside – 36
Bayridge – 14
British Properties – 58
Canterbury – 10
Caulfeild – 34
Cedardale – 7
Chartwell – 21
Chelsea Park – 6
Cypress – 11
Cypress Park Estates – 12
Dundarave – 27
Eagle Harbour – 29
Eagleridge – 11
Furry Creek – 17
Gleneagles – 9
Glenmore – 15
Horseshoe Bay – 12
Howe Sound – 11
Lions Bay – 33
Olde Caulfeild – 6
Panorama Village – 1
Park Royal – 3
Queens – 8
Rockridge – 7
Sandy Cove – 5
Sentinel Hill – 16
Upper Caulfeild – 3
West Bay – 12
Westhill – 3
Westmount – 14
Whitby Estates – 7
Whytecliff – 8


North Vancouver 1-Bedroom Condo Apartment Property Statistics

June 23, 2011

North Vancouver
In North Vancouver there are currently 192 active one-bedroom properties for sale, ranging in price from $159,900. to $599,900., with the average asking price being $342,433. There have been 103 sales since March, with the average selling price being $311,058. and the average cost per square foot being $448. The least expensive sale price this year was for $155,000. in April and the most expensive was for $620,000. in June. With 192 properties currently for sale and 20 sales last month, there is currently a 9 & 1/2 month supply of homes.

Lower Lonsdale
In Lower Lonsdale there are currently 79 active one-bedroom properties for sale, ranging in price from $209,900. to $599,900., with the average asking price being $336,536. There have been 46 sales since March, with the average selling price being $308,973. and the average cost per square foot being $465. The least expensive sale price this year was for $195,000. in April and the most expensive so far this year was for $495,000. in March. With 79 properties currently for sale and 13 sales last month, there is currently a 6 month supply of homes.

The Pier
In The Pier there are currently 10 active one-bedroom properties for sale, ranging in price from $349,000. to $599,900., with the average asking price being $461,940. There have been 3 sales since March, with the average selling price being $406,666. and the average cost per square foot being $589. The least expensive sale price this year was for $390,000. in April and the most expensive so far this year was for $440,000. in April. With 10 properties currently for sale and taking into acccount the average number of sales per month up to this point, there is currently a 6 month supply of homes.