Thanks to strong buyers’ confidence, continued low interest rates and decreased inventory, North Shore home sales for July outpaced 2014 levels.
In North Vancouver, 281 properties sold during the past month, representing an increase of 28.3% over last year.
In West Vancouver, there were 100 sales in the month of July, with 81 of those being detached properties. This represents an increase of 17.4% compared to July 2014.
The summer months usually bring a slowing trend for home sales and July sales decreased 15% from June, with all homes listed for sale down by 17 % for the month. However, the month of September generally sees an increase in overall sales activities.
Please do not hesitate to contact me to ensure you receive timely updates regarding the North Shore real estate market. I deliver valuable insight to provide you with the right tools to make an informed decision for all your real estate needs.
Following are the monthly market reports published by the Real Estate Board of Greater Vancouver: