{"id":651,"date":"2021-11-16T18:38:46","date_gmt":"2021-11-16T23:38:46","guid":{"rendered":"https:\/\/www.filerwelch.com\/blog\/?p=651"},"modified":"2021-11-24T19:32:58","modified_gmt":"2021-11-25T00:32:58","slug":"north-vancouver-real-estate-moving-at-lightspeed-in-october-2021","status":"publish","type":"post","link":"https:\/\/www.filerwelch.com\/blog\/north-vancouver-real-estate-moving-at-lightspeed-in-october-2021\/","title":{"rendered":"North Vancouver Real Estate Moving At Lightspeed in October 2021"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The selling ratio across North Vancouver properties was a staggering 64.5% in October. <\/span><b>Houses moved at 71%<\/b><span style=\"font-weight: 400;\">, while <\/span><b>condos\/townhomes moved at 61%<\/b><span style=\"font-weight: 400;\">, showing extremely strong movements across all property types.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some price bands were far above the average. <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/type-House\/min_price-1250000\/max_price-2750000\/page-1\"><span style=\"font-weight: 400;\">North Vancouver detached houses priced from $1.25M to up to $2.75M<\/span><\/a><span style=\"font-weight: 400;\"> were quickly snapped up with 77 homes selling with only 76 new inventory added, resulting in a 101% sales ratio! <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/min_price-500000\/max_price-600000\/page-1\"><span style=\"font-weight: 400;\">Detached (condos &amp; townhomes) in the $500k~$600k<\/span><\/a><span style=\"font-weight: 400;\"> range had an 130% absorption rate, while <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/min_price-600000\/max_price-700000\/page-1\"><span style=\"font-weight: 400;\">$600k~$700k North Vancouver properties<\/span><\/a><span style=\"font-weight: 400;\"> trailed at 82%.\u00a0<\/span><\/p>\n<h4><strong>Top 4 Areas Where Houses Flew in North Vancouver<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">While the whole detached market was moving fast due to low inventory and high demand, these four regions had the most notable activities:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lynn Valley &amp; Area &#8211; <\/span><a href=\"https:\/\/www.karinericson.ca\/listings\/city-North+Vancouver\/area-Braemar;Lynn+Valley;Tempe\/page-1\"><span style=\"font-weight: 400;\">Lynn Valley, Braemar &amp; Tempe (North Vancouver)<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; 15\/13 sold = 115.3% sales ratio!<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Central North Vancouver &#8211; <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Boulevard;Central+Lonsdale;Queensbury;Upper+Lonsdale\/type-House\/page-1\"><span style=\"font-weight: 400;\">Upper &amp; Central Lonsdale, Boulevard &amp; Queensbury (North Vancouver)<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; 28\/27 sold = 103.7% sales ratio!<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Peaceful East &#8211; <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Deep+Cove;Indian+Arm\/type-House\/page-1\"><span style=\"font-weight: 400;\">Deep Cove &amp; Indian Arm (North Vancouver)<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; 5\/6 sold = 83.3% sales ratio!<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Near Grouse Mountain &#8211; <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Canyon+Heights+NV;Edgemont;Forest+Hills+NV;Pemberton+Heights\/type-House\/page-1\"><span style=\"font-weight: 400;\">Forest Hills, Edgemont &amp; Canyon Heights &amp; Pemberton Heights (North Vancouver)<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; 24\/37 sold = 64.8% sales ratio!\u00a0<\/span><\/li>\n<\/ul>\n<h4><strong>Top 3 Areas Where Condos\/Townhomes Flew in North Vancouver<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">There were some outlier areas with low condo inventory that resulted in astronomical sales ratios. All 3 Lonsdales were popular as expected in hot real estate markets in popular hoods:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Mosquito+Creek\/type-Condo\/page-1\"><span style=\"font-weight: 400;\">Mosquito Creek (North Vancouver) condos<\/span><\/a><span style=\"font-weight: 400;\"> &amp; <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Mosquito+Creek\/type-Townhome\/page-1\"><span style=\"font-weight: 400;\">townhomes<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; 10\/7 sold = 143% sales ratio!<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Harbourside\/type-Condo\/page-1\"><span style=\"font-weight: 400;\">Harbourside (North Vancouver) condos<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; 2\/1 sold = 200% sales ratio <\/span><b>(but low volume)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Central+Lonsdale;Lower+Lonsdale;Upper+Lonsdale\/type-Condo\/page-1\"><span style=\"font-weight: 400;\">Upper, Lower &amp; Central Lonsdale condos<\/span><\/a><span style=\"font-weight: 400;\"> &amp; <\/span><a href=\"https:\/\/www.filerwelch.com\/listings\/city-North+Vancouver\/area-Central+Lonsdale;Lower+Lonsdale;Upper+Lonsdale\/type-Townhome\/page-1\"><span style=\"font-weight: 400;\">townhomes<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; 78\/109 sold = 71.6% sales ratio <\/span><b>(higher volume)<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To get a detailed list of sold properties in any North Vancouver region, <a href=\"https:\/\/www.filerwelch.com\/contact\">please contact the Baxter &amp; Welch team now!<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The selling ratio across North Vancouver properties was a staggering 64.5% in October. Houses moved at 71%, while condos\/townhomes moved at 61%, showing extremely strong movements across all property types.\u00a0 &hellip; [<a href=\"https:\/\/www.filerwelch.com\/blog\/north-vancouver-real-estate-moving-at-lightspeed-in-october-2021\/\">read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,31],"tags":[163,38,78,40,144,113,51,50,39,37],"class_list":["post-651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","category-real-estate-news","category-real-estate-statistics","tag-central-lonsdale","tag-condos","tag-deep-cove","tag-detached-homes","tag-houses","tag-lynn-valley","tag-north-shore","tag-north-vancouver","tag-townhomes","tag-vancouver"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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