North Vancouver Homes - The Q Report February 2009.02

By
Real Estate Sales Representative with Royal LePage Northshore

www.AlphonseQ.com

Detached Homes - At an average benchmark price of $739,856, February detached home prices declined 5.6% from January, and 16.1% from twelve months ago. The number of detached homes sold in February was up 283.3% from the low point reached in January, but down 43.2% from one year ago. The supply of detached homes on the market fell 6.6% from last February.

Townhouse benchmark prices averaged $535,646, down 13.6% from one year ago. February sales were down 65.7% over this period.

Condominium prices in North Vancouver declined 15.6% from February 2008, while sales fell 59.1%. The February inventory of condos available for sale was down 29.7% from February of last year.

Statistical Source: Real Estate Board of Greater Vancouver

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