February 2019 VS. February 2018 DETACHED UNIT SALES 32 -46.70% NEW LISTINGS 123 -16.90% AVE. DAYS ON MARKET 42 14.70% HPI (combined total) $1,492,400 -11.52% TOWNHOME UNIT SALES 23 15.00% NEW LISTINGS 43 16.20% AVE. DAYS ON MARKET 14 -31.60% HPI (combined total) $956,500 -4.2% CONDO UNIT SALES 61 -38.40% NEW LISTINGS 157 16.30% AVE. DAYS ON MARKET 27 32.70% HPI (combined total) February $ NORTH VAN 561,500 NORTH VAN -4.7% February 2019 JANUARY - SINGLE FAMILY DETACHED HOMES THE REAL NORTH VAN RESULTS: JAN 2019 THE REAL NEIGHBOURHOOD RESULTS: JAN 2019 SALES PRICE MONTHLY TREND SALES AND BENCHMARK BENCHMARK PRICE $2,100,000 PRICES BY NEIGHBOURHOOD CHANGE (%) $2,061,413 $ 2,000,000 MLS® Neighbourhood Unit Sales HPI Benchmark Price 1 Month 3 Months $ 1,900,000 $1,801,799 Average Sales Price $1,810,452 $1,813,727 Blueridge NV 2 $1,546,500 0.54 -4.92 $1,718,387 – $ 1,800,000 Boulevard 0 $1,651,700 0 -6.3 $ 1,700,000 $1,636,675 Braemar 1 $2,011,600 -4.59 -8.36 $1,600,000 $1,579,365 $ 1,700,000 $1,687,500 Calverhall 1 $1,390,200 0.74 -5.78 $ Median Sales Price Canyon Heights NV 1 $1,700,200 -3.93 -4.2 1,500,000 $1,600,000 $1,538,000 $1,546,500 – AUG SEP OCT NOV DEC JAN Capilano NV 0 $1,536,700 -2.62 -2.54 Central Lonsdale 0 $1,383,400 -1.09 -3.72 DAYS ON MARKET MONTHLY TREND Deep Cove 0 $1,486,000 -1.27 -3.6 60 Delbrook 0 $1,594,400 -3.17 -4.13 51 50 51 50 45 Dollarton 0 $1,648,900 0.48 -3.99 39 40 37 47 Edgemont 1 $1,855,900 -4.73 -3.91 42 Average Days on Market – Forest Hills NV 0 $1,786,900 -3.81 -4.76 30 36 Days Grouse Woods 0 $1,600,700 -3.59 -6.76 20 21 Hamilton 1 $1,313,600 -0.08 -4.57 10 16 14 Indian River 1 $1,374,800 -1.24 -4.1 0 Lower Lonsdale 1 $1,459,600 -0.04 -2.83 Median Days on Market AUG SEP OCT NOV DEC JAN – Lynn Valley 1 $1,347,400 -3.18 -6.32 UNIT SALES (BY MONTH) 2018 2019 CHANGE Lynnmour 0 $1,133,700 -1.18 -1.75 JAN 51 24 -52.9% Norgate 0 $1,208,200 1.52 -5.55 FEB Northlands 0 $1,970,800 -0.28 -3.83 MAR Pemberton Heights 1 $1,789,700 0.45 -2.36 APR Pemberton NV 1 $1,165,100 0.64 -3.3 MAY Princess Park 0 $1,534,700 -2.88 -3.38 JUN Queensbury 1 $1,340,100 1.08 -7.56 Total 51 24 -52.9% Roche Point 0 $1,328,400 -1.29 -4.51 Seymour 1 $1,339,900 -1.37 -7.02 LISTING AND SALES ACTIVITY BY PRICE SEGMENT Tempe 1 $1,576,200 -6.29 -6.21 Upper Delbrook 3 $1,714,400 -5.02 -4.58 Sales-to-New- Price Segment ($) New Listings Added Unit Sales Listings Ratio Upper Lonsdale 2 $1,496,800 -2.76 -8.24 0 – 1,000,000 1 0 0% Westlynn 0 $1,268,400 -1.28 -4.94 1,000,000 – 1,100,000 3 2 67% Westlynn Terrace 0 $1,385,100 -2.41 -6.25 1,100,001 – 1,200,000 1 0 0% Windsor Park NV 0 $1,315,400 -0.09 -3.45 1,200,001 – 1,300,000 6 2 33% North Vancouver 24 $1,512,200 -1.95 -5.17 1,300,001 – 1,400,000 10 5 50% 1,400,001 – 1,500,000 20 1 5% 1,500,001 – 1,600,000 14 4 29% FAITH’S KEY INSIGHTS: 1,600,001 – 1,700,000 10 1 10% n Buyers finally had a wide selection of North Vancouver detached houses 1,700,001 – 1,800,000 5 4 80% to choose from in January. With 170 new listings added, the inventory 1,800,001 – 1,900,000 10 0 0% was higher than in November and December of 2018 combined. Buyers, 1,900,001 – 2,000,000 20 1 5% however, remained cautious, purchasing 24 houses, the same as a month 2,000,001 – 2,250,000 15 1 7% earlier. Apparently it is going to take some time for buyers to regain 2,250,001 – 2,500,000 17 2 12% confidence and work through the myriad of government policy measures 2,500,001 – 2,750,000 6 1 17% that have reduced housing sales right across the province. The sweet 2,750,001 – 3,000,000 16 0 0% price spot for North Vancouver house buyers in January was from $1.7 3,000,001 + 16 0 0% million to $1.8 million, with 80% of the listings selling. This is higher than Totals 170 24 14% North Vancouver’s detached house benchmark price of $1.5 million, a price down 1.9% from December. Faith’s Exclusive North Vancouver Analysis PAGE 2 FEBRUARY - SINGLE FAMILY DETACHED HOMES THE REAL NORTH VAN RESULTS: FEB 2019 THE REAL NEIGHBOURHOOD RESULTS: FEB 2019 SALES PRICE MONTHLY TREND SALES AND BENCHMARK BENCHMARK PRICE $2,100,000 $2,061,413 PRICES BY NEIGHBOURHOOD CHANGE (%) $2,000,000 MLS® Neighbourhood Unit Sales HPI Benchmark Price 1 Month 3 Months $1,900,000 $1,810,452 Average Sales Price $1,801,799 Blueridge NV 1 $1,517,500 -1.87 -3.46 $1,800,000 – $1,718,387 Boulevard 1 $1,625,500 -1.59 -3.36 $1,700,000 $1,643,289 $1,700,000 $1,687,500 $1,608,781 Braemar 0 $2,017,800 0.3 -4.63 $1,600,000 $1,579,365 Calverhall 2 $1,348,200 -3.03 -4.96 $1,500,000 $1,538,000 $1,510,000 Canyon Heights NV 2 $1,693,000 -0.42 -5.85 $1,452,500 Median Sales Price $1,400,000 – Capilano NV 1 $1,482,300 -3.54 -8 SEP OCT NOV DEC JAN FEB Central Lonsdale 2 $1,348,800 -2.5 -3.44 DAYS ON MARKET MONTHLY TREND Deep Cove 2 $1,460,900 -1.69 -5.22 Delbrook 0 $1,579,900 -0.91 -6.71 60 50 51 49 Dollarton 2 $1,601,100 -2.9 -5.16 50 42 Edgemont 0 $1,829,500 -1.42 -7.02 39 47 40 37 42 Average Days on Market – Forest Hills NV 1 $1,739,700 -2.64 -7.85 Days 30 Grouse Woods 2 $1,606,700 0.37 -4.09 20 21 21 21 Hamilton 1 $1,285,600 -2.13 -2.29 10 16 Indian River 0 $1,374,200 -0.05 -1.9 0 Lower Lonsdale 3 $1,432,300 -1.87 -2.7 Median Days on Market Lynn Valley 3 $1,339,800 -0.57 -5.1 SEP OCT NOV DEC JAN FEB – Lynnmour 0 $1,133,300 -0.04 -1.83 UNIT SALES (BY MONTH) 2018 2019 CHANGE Norgate 1 $1,181,500 -2.21 -4.25 JAN 51 37 -27.5% Northlands 0 $1,954,900 -0.8 -2.24 FEB 60 32 -46.7% Pemberton Heights 0 $1,732,400 -3.2 -2.84 MAR Pemberton NV 1 $1,143,500 -1.86 -2.35 APR MAY Princess Park 0 $1,526,400 -0.54 -5.32 JUN Queensbury 0 $1,319,400 -1.54 -2.21 Total 111 69 -37.8% Roche Point 0 $1,339,100 0.81 -1.84 Seymour 0 $1,298,600 -3.08 -8.03 Tempe 0 $1,600,600 1.55 -4.91 LISTING AND SALES ACTIVITY BY PRICE SEGMENT Upper Delbrook 5 $1,713,600 -0.04 -6.82 Sales-to-New- Upper Lonsdale 0 $1,499,300 0.17 -5.29 Price Segment ($) New Listings Added Unit Sales Listings Ratio Westlynn 1 $1,251,900 -1.3 -5.56 0 – 1,000,000 1 0 0% Westlynn Terrace 0 $1,352,700 -2.34 -9.83 1,000,000 – 1,100,000 1 2 200% Windsor Park NV 0 $1,286,000 -2.24 -4.57 1,100,001 – 1,200,000 6 2 33% North Vancouver 32 $1,492,400 -1.31 -4.89 1,200,001 – 1,300,000 6 3 50% 1,300,001 – 1,400,000 6 5 83% 1,400,001 – 1,500,000 9 8 89% FAITH’S KEY INSIGHTS: 1,500,001 – 1,600,000 10 1 10% 1,600,001 – 1,700,000 9 1 11% n■The current detached housing market in North Vancouver, indeed across 1,700,001 – 1,800,000 13 2 15% Metro Vancouver, is unprecedented. We are witnessing the return arc of 1,800,001 – 1,900,000 3 1 33% a pendulum that started four years ago when the typical house suddenly became a million-dollar property with frenzied buyers bidding on the 1,900,001 – 2,000,000 6 2 33% doorstep. In February of 2015 the North Vancouver house price swung 2,000,001 – 2,250,000 16 1 6% above $1 million for the first time and was rising by $30,000 a month. That 2,250,001 – 2,500,000 12 1 8% was an anomaly and, like the current situation will, it came to an end. More 2,500,001 – 2,750,000 10 3 30% than 30 buyers welcomed the new balance in February’s North Vancouver 2,750,001 – 3,000,000 6 0 0% detached house market With 123 new listings added there was a selection 3,000,001 + 9 0 0% from less than $1 million to more than $3 million and benchmark prices Totals 123 32 26% were down 1% from January.