North Vancouver Detached House Listings Increase In Summer Is Rare

North Vancouver real estate market trends through July 2012; Detached Inventory Increases In Summer Rare
By: Kevin Lynch, Prudential Sussex Realty
 
July 31, 2012 - PRLog -- There are currently 408 detached listings for sale in North Vancouver as of July 30, 2012.  The average home for sale has 4 bedrooms, 3 bathrooms, 2616 square feet and is priced at $1,169,000.  

Over the period there have been 31 North Vancouver detached homes sold; that’s a list to sale ratio of 7.59%.  In other words, if inventory remains at the same level, we have over 13 months of inventory.  

The month saw 75 new listings of homes for sale come onto the market; 32 properties come off the market and relisted; 12 came fully off the market.    

The median sales home had 4 bedrooms, 3 bathrooms, 2592 square feet, had a listing price of $1,098,000 and 96% list price to sale price ratio selling at $1,055,000.  The median North Vancouver home sold in 28 days.  

Top selling by sub-area total sales:

Lynn Valley, 6 sales on Hoskins Road, Scott Road, Coleman Street, Ramsay Road and Robinson Road.

Upper Lonsdale, 4 sales on E. Queens Road, Somerset Street, Norwood Avenue and Calder Avenue.

Deep Cove, 4 sales on Cliffwood Road, Roxbury Place, Raeburn Street and Badger Road.

Capilano Highlands, 3 sales Forest Hills Drive, Brookridge Drive and Arlington Crescent.

Blueridge, 2 sales Lennox Street and Dunrobin Crescent.

Boulevard, 2 sales E. 22nd Street and Grand Boulevard.

The following North Vancouver sub-areas each registered one sale: Capilano, Dollarton, Indian River, Central Lonsdale, Westlynn Terrace, Westlynn, Seymour, Roche Point, Princess Park, Northlands, Norgate.

Inventory has increased slightly up from 396 in June to a total of 410 listings in July.


Sincerely,


Kevin Lynch
Prudential Sussex Realty
604.307.9448 Direct
604.984.9711 Office
www.LynchRealEstate.ca
Kevin@LynchRealEstate.ca
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