Q2 [April - June] 2021
North Shore listings and sales activity continued to far outpace last year’s pandemic reduced totals, while also easing back from the record setting spring market.
For the Second Quarter [Q2], North and West Vancouver sales were up 146.6 per cent and 113.3 per cent respectively. This was led by triple digit increases in April and May, while June saw more modest increases of 34.5 per cent and 38.7 per cent respectively.
In North Vancouver, June reported sales were up 25.6 per cent above the 10-year June average, though were down from this year’s peak in April for the second consecutive month.
New listings were down 13.7 per cent from last June, while total listings were down 28.2 per cent from the same time, ending the month at 620 homes for sale (29.6 per cent below the 10-year June average).
For all homes, the June 2021 sales-to-active listing ratio was 51.6 per cent.
By property type, the June ratios were: 45.5 per cent for detached houses, 80.8 per cent for townhomes, and 50.6 per cent for apartments.
By price range, the June ratios were:
| < $750,000: | 62.1 per cent |
| $750k to $1M: | 63.1 per cent |
| $1M - $1.5M: | 61.0 per cent |
| $1. 5M - $2M: | 51.5 per cent |
| $2M - $2.5M: | 44.3 per cent |
| $2.5M - $3M: | 22.4 per cent |
| > $3M: | 27.1 per cent |
North Van Prices.
The MLS® Home Price Index (HPI) composite benchmark price of a house in North Vancouver was $1,914,100 (up 22.4 per cent from June 2020). The MLS® HPI price of a condo in North Vancouver was $657,500 (up 12.0 per cent from June 2020). The MLS® HPI price of a townhome in North Vancouver was $1,116,200 (up 12.8 per cent from June 2020).
In West Vancouver, June reported sales matched the 10-year June average of 86 home sold, though were down from this year’s peak in March for the third consecutive month.
New listings were down 6.0 per cent from last June, while total listings were up 0.3 percent from the same time, ending the month at 607 homes for sale (13.8 per cent below the 10-year June average).
For all homes, the June sales-to-active listings ratio was 14.2 per cent.
By property type, the June 2021 sales-to-active listing ratios were: 12.5 per cent for detached houses, 18.5 per cent for townhomes, and 22.6 per cent for apartments.
By price range, the June ratios were:
| < $1M: | 38.2 per cent |
| $$1M - $2M: | 22.6 per cent |
| $2M - $3M: | 17.9 per cent |
| $3M - $4M: | 17.2 per cent |
| $4M-$5M: | 6.4 per cent |
| $5M-$6M: | 4.8 per cent |
| >$6M | 5.3 per cent |
West Van Prices.
The MLS® Home Price Index (HPI) composite benchmark price of a house in West Vancouver was $3,152,500 (up 21.5 per cent from June 2020). The MLS® HPI price of a condo in West Vancouver was $1,135,400 (up 15.6 per cent from June 2020).
The Market.
As we head into the summer market, we continue to see greater balance with a steady level of listings and fewer buyers actively looking/offering. No doubt this is in part seasonal, as more buyers/sellers, as well as agents, are getting away with the better weather and removed travel restrictions.
Seasonal factors aside, over the last few months there has been a noticeable shift in buyer enthusiasm. Our sense is that higher prices, the tougher mortgage qualifications requirements, marginally higher interest rates, and increased inventories are impacting buyer confidence. With this, we are seeing inconsistencies in sales, as some properties are well received by buyers and others aren't getting the same interest we experienced earlier in the year.
That said, the market continues to favour sellers, as overall interest rates remain near historical lows and the economy and job market are both improving. The shift mentioned above is much more representative of a move towards a typical Vancouver market, and as of yet, has had little impact on pricing.
As always, if you have questions about the North Shore market stats, have interest in learning the value of your home, or are considering a move, we'd love to hear from you. We can be reached at 604.983.2518 or by completing the form on this page.
Sold. Search all the North and West Vancouver sales that made up the stats in this report 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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Past Listing & Sales STATS | June 2021
North Vancouver
| June - 21 | June - 20 | % Chg | |
| New Listings | 454 | 526 | - 13.7 |
| Total Listings | 620 | 863 | - 28.2 |
| Sales | 320 | 238 | + 34.5 |
| Sales/Listings Ratio | 51.6% | 27.6% | + 87.0 |
| SP/Original LP | 100.0% | 98.3% | + 1.7 |
| Days on Market | 8 | 9 | - 11.1 |
| Median Sale Price | |||
| Condo | $681,500 | $620,000 | + 9.9 |
| Townhome | $1,200,000 | $1,015,000 | + 18.2 |
| House | $1,925,000 | $1,706,750 | + 12.8 |
West Vancouver
| June - 21 | June - 20 | % Chg | |
| New Listings | 205 | 218 | - 6.0 |
| Total Listings | 607 | 605 | + 0.3 |
| Sales | 86 | 62 | + 38.7 |
| Sales/Listings Ratio | 14.2% | 10.2% | + 39.23 |
| SP/Original LP | 96.5% | 92.4% | + 4.4 |
| Days on Market | 11 | 33 | - 66.7 |
| Median Sale Price | |||
| Condo | --** | -- | -- |
| Townhome | -- ** | -- | -- |
| House | $3,162,500 | $2,371,428 | + 45.7 |
**Note: Median sale prices not reported when there are less than 20 sales [West Van condo sales: June 2021: 19 - June 2020: 17] -- [West Van Townhome sales: June 2021: 5 - June 2020: 2]