Capilano Highlands is one of North Vancouver’s most sought after areas. It contains and is sometimes referred to as Edgemont Village. The property values here are usually strong and it is comprised of many family homes.
The number of listings on the market for November was 14, they ranged in pricing from $1,975,000 to $675,000 with an average price of $1,157,500. Their time on the market ranged from five to just under 200 days, averaging 67 days.
Fifty percent of the properties listed lowered their price at least once while three of them reduced their price twice. The largest price drop was $240,000, the lowest was $24,000 and the average was $101,000. These properties averaged days on market of 78.
Three new listings of homes for sale came onto the market while there was only one sale. For the month that’s a 7% sales to listings ratio, not very strong. Clearly there is a lot of competition right now.
There were two expired listings in the month. Their prices were $1,459,000 and $949,000 respectively. Their average time on the market was 129 days.
