Last Week in Review

Last Week in Review

In the "bet you wouldn't have guessed this" category - Did you know that as of yesterday, the number of homes sold YTD in North Vancouver are just 18 homes less than this time last year?  Once weekend sales are reported, we may get very close to the same # of sales as YTD 2019.  Put this along side inventory at 80% of last year's levels, and add favorable rates plus a lower stress test, and you can see why our market is moving swiftly.
In West Vancouver, there have been 333 residential sales YTD 2020, and 317 for the same period last year.  And, residential inventory is only 75% of what it was this time in 2019.  This is great news for West Van - as the turnover is much better than 2019.
Summer is the new Spring - and now we just have to keep staying cautious & safe out there in the world, so that we can keep not only the real estate market, but our economy - both broad & local - going strong through the end of the year!


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