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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July 30, 2010

Today I wanted to talk briefly about an opportunity in the Edgemont Village area of North Vancouver. The average sale price this year so far in Capilano Highlands is over 1.1 million dollars and there is an opportunity to get into this neighbourhood for significantly lower than this, in a location that is literally just steps from the village. Considering the next door neighbour’s home sold for $955K a couple of months ago and it was built around the same time and sits on virtually the same 70 x 115 lot as this one, I think the price of $895,000 for 2895 Edgemont Blvd is certainly something to think about. 5 bedrooms, 2 bathrooms 2400 sq ft and loads of potential to either renovate, build or rent out. I’m including a link to my web page that will give you the pertinent details. Please don’t hesitate to call or email me for more information.