Best Performing Neighbourhoods in North Vancouver, July 2022

Single Family Homes in North Van 

Outside of a 300% sales ratio for detached homes in Princess Park, the majority of North Vancouver neighbourhoods had fairly consistent performance during July. Single family homes are continuing to sell slightly faster than the rest of the Vancouver area. Overall, while detached home sales did decline in North Vancouver – as with every other region – the sales ratio is at 21%. This is still a far cry from detached home sales in other parts of Vancouver. The majority of North Vancouver home sales were priced between $1.5M-$2.25M, with detached homes costing $3M-$3.5M being the other most-active price band.

Homes with 3 Bedrooms or More… Are the Only Ones to Sell?

Currently, North Vancouver homes with 3 bedrooms or more account for 97% of detached home sales in July. (Not a typo, I checked.) Now to be fair, the inventory for North Vancouver homes with 2 bedrooms or less was 8, with 1 sale. 

Condos and Townhomes in North Vancouver 

The North Vancouver condos and townhome market is still very hot, while other Vancouver areas are seeing a slowdown. Condos and townhomes in North Vancouver sold at a 41% sales ratio in June, from 307 new listings and 126 sales. This is a marginal change from June. 

Central Lonsdale and Lower Lonsdale Condos and Townhomes Selling Fast

Understandably, the townhomes and condos in these core neighbourhoods of North Vancouver situated along Lonsdale Avenue are selling the fastest in July. Central Lonsdale condos and townhomes are selling at a 53% sales ratio. Similarly, Lower Lonsdale condos and townhomes are selling at a 45% sales ratio. In a climate of unexpected and unprecedented happenings – this is actually fairly unsurprising. These neighbourhoods are, after all, centrally-located neighbourhoods in North Vancouver with the best access to transit, retail and community resources. 

• View Central Lonsdale condos and townhomes here.
• Or look at Lower Lonsdale condos and townhomes here.

$400k-$700k Condos and Townhomes Still Hot

North Vancouver condos and townhomes priced between $400k-$700k continue to sell in July. The number of units sold has declined since June, but this could possibly be attributed to the increase in sales of North Van townhomes and condos priced $800k-$1.25M. North Vancouver’s condo and townhome inventory is predominantly positioned between $400k up to $1.75M. 

Want to Explore More About the Real Estate Movement in North Vancouver?

Talk to Ken & Samantha to get more details which houses, townhomes & condos sold (and which did not) recently.