Real Estate Market Report 2397 Marine Drive West Vancouver, B.C. V7V 1K9
NORTH VAN DUPLEXES BY ANDREWS GROUP
Dana
Elaine
August 2020
Brenden
604.925.1175
F E AT U R E D C O N T E N T :
homes@andrewsgroup.ca AndrewsGroup.ca NorthVanDuplexes.com @NorthVanDuplex
The Summer Recovery Market is Here!
• 2020 Mid Year Review • North Van Duplexes Stats • Summer Recovery Market Published by REAL Marketing (REM) | www.REALMarketing4You.com | 604.841.1739 | © 2020 | Please Recycle
Real estate activity is inching closer to January trends, nearly half way through the path to a full recovery. As the market heads into the summer, two of the four recovery index components remain above their January baseline. Housing Demand remained visibly above recovery. Homebuyer interest recovered quickly and remains high as low mortgage rates, virtual tools, and lockdown lifts have enabled buyers to continue the search. Home Price moved further past the recovery threshold. Prices have regained momentum as the mix of inventory shifts back toward higher priced homes and demand for entry-level properties surges. Housing Supply continues to follow a path to recovery. While lockdown measures subside and foot traffic resumes, we have yet to see normal levels of listings enter the market. Inventory is critically low! Pace of Sales has started to stabilize. As more buyers and sellers reunite, days on market may decrease. Buyers eager to capitalize on historically low interest rates are looking to take advantage of unique market conditions.
Jonathan and Angela-Marie, Selling your property during the upcoming months could realize a great return on your investment. Contact us today at 604.925.1175 for a no-obligation market analysis of your home.
Prepared Especially for
JONATHAN AND ANGELA-MARIE WILLIAMS
NorthVanDuplexes.com
NORTH VAN DUPLEXES
NORTH VAN DUPLEXES
Where's the action?
Dana
Elaine
Real Estate Market Report
Brenden
604.925.1175
JONATHAN AND ANGELA-MARIE, Whether you’re in the first stages of discovery or you’re ready to put your home on the market today, give us a call at 604.925.1175 or visit:
homes@andrewsgroup.ca AndrewsGroup.ca NorthVanDuplexes.com
WWW.NORTHVANDUPLEXES.COM www.NorthVanDuplexes.com ©2020 Google | This map is a visual representation of the data to the right.
N O RT H VA N D U P LE X E S
NORTH VAN DUPLEXES CURRENTLY LISTED
Average Active List Price
Average Square Feet
2020 Mid-Year Review
Total Sales
Jonathan and Angela-Marie, Your North Van Duplexes community had a fantastic year, with increases in several key market indicators. However, with current inventory pointing to a buyer’s market, you need a North Van Duplexes specialist with marketing and negotiating skills to help position your home above the crowd and achieve the best possible price. If you are thinking about selling, contact us today at 604.925.1175.
2,093
17
$999,000 $2,175,000
Total Active Homes
Active List Price Range
Deemed accurate but not guaranteed.
AVERAGE SOLD PRICE/LIST PRICE RATIO
99.6%
NORTH VAN DUPLEXES SOLD IN THE LAST 90 DAYS
LOW: 93.4% | HIGH: 115.9% SOLD PRICE
+5.2% from 2019
$1.2M
$1.5M
$1.8M
Low
Average
High
$492
$694
$855
Low
Average
High
12
Average Sold Price Per Square Foot
$676
+4.4% from 2019
SOLD PRICE PER SQ. FT.
SOLD
26
$1,559,624
Days Faster than 2019
Average: 21 | Low: 0 | High: 95
Data based on listings from REBGV from January 1st to June 30th, 2019 and 2020. Information deemed accurate but not guaranteed.
Average Square Feet
2,442
8
98.0%
Total Sold Homes
Sold Price/ List Price Ratio
Deemed accurate but not guaranteed.
Andrews Group and Royal LePage Sussex do not imply that this is in any way an official advertisement or publication of Royal LePage Sussex®. © 2020. All rights reserved. This representation is based on data reported from April 10th, 2020 through July 10th, 2020 by multiple brokers/agents to the Real Estate Board of Greater Vancouver (REBGV). This information is not intended to represent any existing listings but is general marketing information based on REBGV MLS data, however, neither Royal LePage Sussex nor the REBGV guarantees the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor is it intended to cause or induce a breach of an existing agency agreement. Each office independently owned and operated.*Square footage is rounded to the nearest hundred.