2020 Year End
Despite the pandemic, North and West Vancouver sales increased for the second consecutive year led by a strong second half.
In North Vancouver, there were 2,653 homes reported sold for the year, 22.3 per cent above 2019 total sales and 5.6 per cent above the 10-year sales average. This was led by a strong second half (the highest sales total July-Dec on record), which saw sales increase 71.8 per cent from the first half of the year, while finishing 41.6 percent higher than the second half of 2019.
For the year, the median sale price of a North Vancouver single-family home was up 10.3 per cent to $1,710,000, the median sale price of a condo was up 4.8 per cent to $649,850, and the median sale price of an attached home (townhomes and half duplexes) was up 7.9 per cent to $1,062,500.
In West Vancouver, there were 774 homes sold for the year, 30.5 per cent above 2019 total sales. This was also led by a strong second half, which saw sales increase 81.5 percent from the first half of the year, while finishing 49.4 per cent higher than the second half of 2019. Despite this, sales for the year finished well below the 10-year average, off 35.5 per cent.
For the year, the median sale price of a West Vancouver single-family home was up 7.7 per cent to $2,584,000, the median sale price of a condo was up 5.6 per cent to $1,045,000, while the median sale price of an attached home (townhomes and half duplexes) was down 10.9 per cent to $1,547,500.
Recap. 2020 was certainly a different year than expected. Although the real estate market ended on a high note with sales up, more than ever we are reflective of why people bought and sold. Some from loss of family, jobs or relationships; others out of fear of what was or is to come; while many with optimism for brighter days ahead.
When the weight of the pandemic first hit, we cautioned against relying on predictions for the market, and we would suggest a similar sense of caution from reading the year’s trends and trying to determine where the market is headed in 2021. Last year saw many moves for extraordinary reasons, and although that may continue, we are hopeful that the end of the pandemic is in sight and some normalcy and predictability will return.
As always, if you have questions about the value of your home, or general questions about the market, we’d be pleased to hear from you. We can be reached at 604.983.2518 or by completing the form on this page.
The 2021 BC Assessments are now available with values as of July 1st, 2020. If you have questions about your new assessment, would like to know if it is fair value for today’s market, or would like sales information to support an appeal please contact us here.
Sales. Search all the North and West Vancouver sales that sold in 2020 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 >>
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Read the Real Estate Board's December market report here >>
Past Listing & Sales STATS | December 2020
North Vancouver
| Dec - 20 | Dec - 19 | % Chg | |
| New Listings | 166 | 106 | + 56.6 |
| Total Listings | 427 | 488 | - 12.5 |
| Sales | 247 | 155 | + 59.4 |
| Sales/Listings Ratio | 57.8% | 31.8% | + 81.8 |
| SP/Original LP | 98.1% | 96.7% | + 1.4 |
| Days on Market | 17 | 34 | - 50.0 |
| Median Sale Price | |||
| Condo | $685,000 | $679,000 | - 2.1 |
| Townhome | $1,089,500 | $990,000 | + 10.1 |
| House | $1,751,000 | $1,620,000 | + 8.1 |
West Vancouver
| Dec - 20 | Dec - 19 | % Chg | |
| New Listings | 66 | 46 | + 43.5 |
| Total Listings | 406 | 469 | - 13.4 |
| Sales | 80 | 44 | + 81.8 |
| Sales/Listings Ratio | 19.7% | 9.4% | + 109.6 |
| SP/Original LP | 93.9% | 91.2% | + 3.0 |
| Days on Market | 52 | 65 | - 20.0 |
| Median Sale Price | |||
| Condo | --** | --** | -- |
| Townhome | -- ** | -- | -- |
| House | $2,799,990 | $2,400,000 | + 16.7 |
**Note: Median sale prices not reported when there are less than 20 sales [West Van condo sales: Dec 2020: 18 - Dec 2019: 9] -- [West Van Townhome sales: Dec 2020: 5 - Dec 2019: 5]