January Market Update

(February 07, 2018 )

While detached homes buyers are facing less competition today, attached and apartment homes are still in big demand across Metro Vancouver. 
Buyers in the detached market are facing less competition and have much more selection to choose from. 

  • Looking at all sales - residential home sales are up in January 19.4% over January 2017
  • Detached sales were down 24.8%
  • Townhouse sales up 14.3%
  • Apartment sales up 31.6%
Analysts say that downward pressure on home prices occur when the sales-to-listings ratio dips below the 12% mark.  The ratio's are as follows:
  • Detached Homes 11.6%
  • Townhomes 32.8%
  • Apartments 57.2%
Let's look closer at the North Shore at price increases/decreases.

North Vancouver Detached Benchmark Price $1,670,100
1yr change 5.5%
3yr change 59.1%
5yr change 80%

Townhomes Benchmark Price $991,800
1yr change 17.6%
3yr change 61.4%
5yr change 71.7%

Apartment Benchmark Price $567,200
1yr change 22.9%
3yr change 55.6%
5yr change 64.7%

West Vancouver Detached Benchmark Price $3,099,500
1yr change 5.7%
3yr change 47.9%
5yr change 70.8%

Apartment Benchmark Price $1,179,400
1yr change 20%
3yr change 62.8%
5yr change 66.2%