July 2021

Aug. 3, 2021

North Shore listings and sales activity continued to moderate through July.

In North Vancouver, total reported sales were down 7.1 per cent from July 2020, marking the first month since the pandemic began that sales failed to outpace the previous year.   Despite this, sales still outperformed the 10-year July average by 13.8 per cent.

New listings were down 40.0 per cent from July 2020, while total listings were down 43.5 per cent from the same time, ending the month at 522 homes for sale (39.2 per cent below the 10-year July average).

For all property types, the July 2021 sales-to-active listing ratio was 47.5 per cent, still well into ‘Seller’s market’ territory, though continuing to trend down from the peak of 78 per cent seen in the Spring.

By property type, the July ratios were: 31.9 per cent for detached houses, 50.0 per cent for townhomes,, and 60.4 per cent for apartments.

By price range, the July ratios were:

North Van Prices.

The MLS® Home Price Index (HPI) composite benchmark price of a house in North Vancouver was $1,896,300 (up 18.5 per cent from July 2020). The MLS® HPI price of a condo in North Vancouver was $654,800 (up 10.1 per cent from July 2020). The MLS® HPI price of a townhome in North Vancouver was $1,125,500 (up 14.2 per cent from July 2020).

In West Vancouver, total reported sales were up 23.9 per cent from July 2020, and 8.9 per cent above the 10-year July average, though declined for the fourth consecutive month.

New listings were down 18.2 per cent from July 2020, while total listings were down 12.8 per cent from the same time, ending the month at 563 homes for sale (19.7 per cent below the 10-year July average).

For all property types, the July sales-to-active listings ratio was 14.7 per cent, up slightly from May and June of this year (14.1 per cent and 13.8 per cent respectively).

By property type, the July 2021 sales-to-active listing ratios were: 11.9 per cent for detached houses, 24.0 per cent for townhomes, and 30.4 per cent for apartments.

By price range, the July ratios were:

West Van Prices.

The MLS® Home Price Index (HPI) composite benchmark price of a house in West Vancouver was $3,121,800 (up 17.3 per cent from July 2020). The MLS® HPI price of a condo in West Vancouver was $1,142,300 (up 14.6 per cent from July 2020).

The Market.

Activity through the core summer months is often a poor indicator of lasting trends, and we suspect that is true this year, more than ever, as buyers/sellers & agents are taking advantage of the good weather and relaxed travel restrictions to get out of town and put real estate plans on hold.

Anecdotally, we continue to see more balance in the market as interest from potential buyers and sellers has been waning for the last few months. With this, as we’ve noted before, the market is presenting some inconsistencies between sales as some properties garner strong interest and others are taking longer to sell.

If the market follows seasonal trends, we would expect an uptick in activity once the fall market arrives.

As always, if you have any questions about our Market Review or if we can help with a move we'd be pleased 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:

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Past Listing & Sales STATS | July 2021

North Vancouver 

West Vancouver 

**Note: Median sale prices not reported when there are less than 20 sales [West Van condo sales: July 2021: 21 - July 2020: 9] -- [West Van Townhome sales: July 2021: 6 - July 2020: 3]