Detached homes in Central Lonsdale

Central Lonsdale – Key Observations

• The majority of 2026 sales (approximately 85%) have occurred in the entry-level and land-value segment, primarily under $2.1M

• These properties experienced the most activity:
  - Older homes (at the right price) requiring updates or offering redevelopment potential
  - Renovated homes that were well-priced offering value for money due to their specific location

• Pricing and perceived value continue to be the deciding factors driving activity

Central Lonsdale - June Snapshot

• There were 6 sales recorded out of 36 listings:
  - 5 below $2M
  Most of these properties appealed to investor buyers seeking value opportunities, with one renovated, plus suite and another with a unique character set-up 
  - 1 just over $2M
  This home had a quality renovation, rental income potential, and a functional layout at an attractive price point due to its particular location

Central Lonsdale Current Inventory & Market Response

• Approximately 36 homes were available in June, making it a relatively slow but balanced month

• Why didn’t more homes sell? Many of the current listings are struggling to meet expectations in terms of:
  - Pricing
  - Presentation
  - Location
  - Overall value

• The market remains active but selective, waiting for the right combination of home, location, and price

• Detached homes are often in competition with attached homes

• Well-priced homes near the Median are selling more efficiently, while higher-priced, or less compelling listings, are taking longer and often require price adjustments

North Vancouver  detached homes - June Snapshot

• Sales-to-active listings ratio: 23% (indicating seller’s market conditions) NOTE:
  - When the ratio stays above 20% for several months, prices often feel upward pressure
  -When it falls below 12% for a sustained period, downward pressure tends to follow

• Homes sold within about 97.9% of the list price

• On average, properties sold around 0.42% above their tax assessed value, aligning with an overall balanced and stabilizing 2026 market

• The most active price segment was under $2.5M:
  - 38 out of 51 total sales occurred in this range
  - Nearly half of these were newly listed in June, showing strong absorption of fresh inventory

Overall Market Conditions

• The North Vancouver detached market remains balanced, and could possibly be turning a corner

• Benchmark price: $2,102,200
  - No change from May
  - Down 4.6% year-over-year

• Average sale price: $2,211,671

• Median sale price: $2,032,500