After reaching an all time high average benchmark price of $938,235 in April, May detached home prices leveled off at $935,538, up 19.6% from May 2009. Detached home sales year-to-date are up 15.7% from one year ago. Listings of homes for sale increased by 31% from last May.
North Vancouver townhouse sales year-to-date are up 24.3% from last year. Benchmark prices reached a peak in May at $629,312, up 15.7% from last May, surpassing even the prices reached in the spring of 2008.
Condominiums in North Vancouver reached an average benchmark price of $405,553, up 17.5% from last May. Sales declined slightly from one year ago, while year-to-date condo sales were up 27.2%. Listings this month were up 24% from May 2009.
Statistical source: Greater Vancouver Real Estate Board