In June 2023, the North Vancouver housing market experienced a slowdown in sales as it is entering the peak summer months, coupled with a recent 0.25% increase in interest rates. Overall, sales declined by 14%, with detached homes down 16%, townhomes/duplexes down 32.7%, and condos down by only 3.9%. While new listings decreased by 10%, total active listings remained relatively steady with a decrease of 3.3%. Despite the higher interest rates, prices continued to rise, with a 0.8% increase, resulting in a benchmark price of $1,409,100 for North Vancouver. However, with expectations of prices falling in the coming month and the possibility of another interest rate hike on July 12, the market is anticipated to undergo further changes.
About Luke
Luke is a dedicated and experienced real estate agent who specializes in the North Vancouver area. With years of experience listing and buying properties all over Vancouver, Luke has a deep understanding of the local real estate market and can provide his clients with invaluable insights and advice.
What sets Luke apart from other real estate agents is his extensive experience in home renovation. With over 7 years of experience in renovating homes, Luke has a keen eye for detail and a deep understanding of the factors that can impact a property's value. This knowledge and expertise make him an invaluable asset to any real estate transaction, whether you're buying or selling a property.
Luke's passion for real estate and dedication to his clients make him an outstanding agent. He is committed to providing his clients with personalized service and attention to detail, ensuring that they have all the information they need to make informed decisions about their real estate transactions. His expertise, professionalism, and commitment to excellence have earned him a reputation as one of the top real estate agents in the North Vancouver area.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
Luke Annunziello | North Vancouver Realtor
109 Lonsdale Ave, North Vancouver
BC, V7M 2E7
