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North Shore Real Estate Trends: REW 2018 Year in Review [Infographic]

REW (Real Estate Wire)
January 23, 2019

north shore infographics

 

There is no doubt that the North Shore is home to some of the priciest real estate after Vancouver. However, the North Shore still draws a lot of interest from home buyers attracted to its natural beauty.

Nestled in the shadows of the Seymour Mountains and the waters of Indian Arm, our data disclosed that Indian Arm really hit the radar with house hunters in 2018, beating out the community of Howe Sound as the most sought-after neighbourhood.

However, boasting stunning water views and equally fabulous homes, the graphic also revealed that West Vancouver’s Howe Sound experienced a 91 per cent growth (YOY).

Although prices have softened on the North Shore, you still need a hefty down payment to live here. The median price for a detached home will cost you a whopping $2.59M – that’s an average price pe square foot of $918, a five per cent drop YOY.

According to our statistics, home buyers, however, are typically looking at slightly lower price point homes – one+ bedroom homes priced between$1.25-$1.5M. The median price of a condo on the North Shore will costs you $749K, a nine per cent increase YOY, while a detached home has gone unchanged from 2017.