July 2020
North Shore sales continued to trend up in July finishing the month with new highs for 2020 in both North and West Vancouver.
In North Vancouver, total reported sales increased 30.9 per cent from July 2019 and were 26.5 per cent above the 10-year July average, finishing the month with 267 sales, the highest number seen in all of 2020. Contrast this to April during the height of the pandemic, when only 95 sales were reported (a 181 per cent increase).
New listings were up 36.9 per cent from last year, while total listings climbed closer to historical levels, off just 4.6 per cent from the 10-year July average.
For all property types, the July sales-to-active listing ratio was 31.3 per cent.
By property type, the July 2020 sales-to-active listing ratios were: 31.9 percent for detached houses, 34.7 per cent for townhomes, and 30.4 percent for apartments.
By price range, the ratios were 42.9 per cent under $750,000, 29.2 per cent $750k to $1M, 32.4 percent $1M - $1. 5M, 30.0 percent $1. 5M - $2M, 23.4 percent $2M - $2.5M, 25.6 per cent $2.5M - $3M, and 16.2 per cent over $3M.
In West Vancouver, total reported sales increased 13.6 per cent from July 2019, though continued to trail 10-year July average, off 15.0 per cent. That said, the 67 homes reported sold was a new high for 2020 and 139 per cent above April's low of 28 sales.
New listings were up 26.3 per cent from last year, while total listings were 10.9 per cent below the 10-year July average.
For all property types, the July sales-to-active listings ratio was 10.6 per cent (the highest ratio all year although 11 per cent or lower is considered a buyer's market ).
By property type, the July 2020 sales-to-active listing ratios were: 12.3 per cent for detached houses, 8.6 per cent for townhomes, and 6.3 per cent for apartments.
By price range, the ratios were 9.6 per cent under $1M, 13.2 per cent $1M - $2M, 20.6 per cent $2M - $3M, 6.0 per cent $3M - $4M, 13.6 per cent $4M-$5M, and 1.3 per cent over $5M.
Moving Forward. No doubt buyers and sellers alike are feeling more comfortable looking and listing during the pandemic. Although sales have steadily increased each month as a result, it is likely that we will see a slowing of listings and sales as the market works through pent-up activity.
Sales. For further sales data, search all the North and West Vancouver sales the day they are reported sold with access to all sold data (including listed and sale prices, days on market, and more). Get started at the links below:
North Vancouver Sales >> | West Vancouver Sales >>
As always. If you have questions or concerns about the market, or the value of your home, we would be pleased to hear from you. We can be reached at the form on this page or at 604.983.2518.
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Read the Real Estate Board of Greater Vancouver's July stats report here >>
Past Listing & Sales STATS | July 2020
North Vancouver
| July - 20 | July - 19 | % Chg | |
| New Listings | 493 | 360 | + 36.9 |
| Total Listings | 850 | 1,017 | - 16.4 |
| Sales | 267 | 204 | + 30.9 |
| Sales/Listings Ratio | 31.4% | 20.1% | + 56.2 |
| SP/Original LP | 97.8% | 95.8% | + 2.1 |
| Days on Market | 11 | 29 | - 62.1 |
| Median Sale Price | |||
| Condo | $646,500 | $618,900 | + 4.8 |
| Townhome | $1,049,000 | $962,500 | + 19.2 |
| House | $1,731,400 | $1,452,500 | + 9.0 |
West Vancouver
| July - 20 | July - 19 | % Chg | |
| New Listings | 192 | 152 | + 26.3 |
| Total Listings | 629 | 742 | - 15.2 |
| Sales | 67 | 59 | + 13.6 |
| Sales/Listings Ratio | 10.7% | 8.0% | + 33.8 |
| SP/Original LP | 93.4% | 89.2% | + 4.7 |
| Days on Market | 24 | 41 | - 41.5 |
| Median Sale Price | |||
| Condo | -- ** | -- | -- |
| Townhome | -- ** | -- | -- |
| House | $2433,000 | $2,050,000 | + 18.7 |
**Note: Median sale prices not reported when there are less than 20 sales [West Van condo sales: July 2020: 9 - July 2019: 13] -- [West Van Townhome sales: July 2020: 3 - July 2019: 0]