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Low Inventory and Record Real Estate Sales Across North Vancouver!

Blog by Stu Bell | January 28th, 2016

4341 Carolyn Drive JUST SOLD in Canyon Heights, North Vancouver for $2,401,000, a record land sale for the 11,487 square foot building lot. Asking  $1,938,000 with a Tax Assessed Value of $1,410,100, 4341 Carolyn Drive received 5 offers with just 10 days on MLS, ultimately selling for $463,000 over the asking price. While the Sunset Gardens location is considered desirable, situated within walking distance to Handsworth Secondary School and Edgemont Village, the 1,340 square foot rancher sits on a busy street with no ocean or city views. This sale will set a new benchmark for building lots in North Vancouver and in turn, raise prices for newly built homes hitting the market in 2016.

There is currently only 134 Residential Detached listings in North Vancouver, a significant all time low. Meanwhile builders, investors and families alike are flocking to North Van for it’s park like setting, walkability, diverse selection of house styles, outlooks and lot sizes. Buyers started “discovering” North Vancouver in the past year after frustration in the trendy East Vancouver Market led them over the bridge to larger lots, newer homes, great schools and a less competitive market. With this recent sale on Carolyn Drive, it is evident that North Vancouver has caught up to the frenzied Vancouver market and we can expect to see more big sales in desirable North Vancouver neighbourhoods like Edgemont, Delbrook, Canyon Heights, Pemberton Heights, Norgate, Lynn Valley, Upper Lonsdale, Central Lonsdale, Queensbury, Boulevard, Calverhall, Blueridge, Seymour Heights, Dollarton, and Deep Cove.

Prices are increasing quickly, call Stu Bell today to find a home or for more information on what your property is worth! 604-562-0532