Insights

By property type in North Vancouver, sales of detached homes were up 1.8%, condos down 15.7% and townhomes down 21.4% from November 2024. In West Vancouver, sales of detached homes were up 9.7% and condos up 63.6% from November 2024. West Vancouver townhomes recorded 1 sales, compared with 2 in November 2024.

New listings totalled 285 in North Vancouver (up 10.9% from November 2024) and 115 in West Vancouver (down 3.4% from November 2024). Active listings at the end of November stood at 962 in North Vancouver (up 23.3% from November 2024 and 46.7% above the ten-year average for November) and 711 in West Vancouver (up 5.5% from November 2024 and 16.8% above the ten-year average for November).

The overall sales-to-active ratio in November was 16.3% in North Vancouver and 7.5% in West Vancouver. By property type, North Vancouver was 15.3% for detached homes, 17.9% for condos and 14.7% for townhomes; West Vancouver was 6.3% for detached homes, 16.2% for condos and 2.4% for townhomes. A ratio below 12% is often associated with downward pressure on prices, and one above 20% with upward pressure. The median home sold in 23 days in North Vancouver (17 a year earlier), at 96.6% of the original asking price, and in 36 days in West Vancouver (40 a year earlier), at 93.2%.

MLS® Home Price Index benchmark prices in November, compared with November 2024: North Vancouver detached homes down 1.8%, condos down 0.7%, townhomes down 4.6%; West Vancouver detached homes down 2.7% and condos down 4.7%. Benchmark prices were lower than a year earlier in every segment for which a benchmark is published.