Upper Lonsdale Average Price Increases 12.13% First Five Months of 2012

June 17, 2012 - PRLog -- Upper Lonsdale Prices Increase in 2012

Upper Lonsdale real estate is an exciting sub-market within the North Vancouver real estate market.  As of June 16, 2012 there are 39 houses currently available for sale.  The price ranges for these Upper Lonsdale listings range from$699,000 to $2,880,000 with the average listing price of almost $1,300,000.

Of the 39 active listings 23 of them have been for sale for over 30 days; 8 listings have been listed for over 60 days and 3 have been listed longer than 90 days.  Those numbers are skewed by the point that a few of the properties have been on the market prior to the current listing they are under.

Over 25% of the listings (11 in total) have reduced their price by an average of $51,545.  The lowest price drop was $8,000 while the high was $160,000.

Upper Lonsdale Sales Activity

There have been 69 registered sales in Upper Lonsdale (an average of nearly 14 sales per month over the first 5 months of the year) in less than the first half of the year.  If the sales continue at this pace, the year's total sales should well eclipse Upper Lonsdale's average annual sales output with a total of 138 sales.  However, the summer usuall slows so I would not expect that level of sales to continue.

Sales counts by month are as follows:

January -  8
February - 12
March - 17
April - 18
May - 13
June (to date) - 1

There are likely a few more propeties that have sold in June but have yet to register their sale.

To view full graphs with average sales prices, list to sale price ratios, days on market and more you can visit my blog at www.lynchrealestate.ca/lynch-blog.asp

The Upper Lonsdale average price ranges fluctuated throughout the year from a low in January of just over $1,005,000 to a high in May of $1,127,000 representing a 12.13% increase.

Upper Lonsdale sales statistics from January through May 2012

To date in 2012, there has been one sale over $2,100,000; three between $1,500,000 and $2,000,000; thirty three sales between $1,000,000 and $1,500,000; thirty one sales under $1,000,000.

As your Upper Lonsdale Specialist I'm honoured to discuss all your thoughts and concerns on the market.  My focus is Upper Lonsdale real estate and I pride myself on having exceptional insight on the market, how to sell, who are the best buyers, how to reach them and how to ensure if you are selling in Upper Lonsdale you receive the best representation and professional service possible.

You can reach me directly from the following contact information:

Kevin Lynch
Upper Lonsdale Specialist
Prudential Sussex Realty
604.307.9448
kevin@UpperLonsdale.ca