numbers contrast sharply

(November 02, 2016 )


In West Vancouver, there were 22 sales in the month of October. The sales to new listings ratio was 18% which represents a buyer’s market. For October 2016 the sales to total active listings percentage was 5%, a decrease from 27% in October 2015. Sales for October 2016 were down by 94 units compared to October 2015.

The West Vancouver listing inventory has increased by 6 homes compared to September 2016 and increased by 6 homes compared to October 2015. The average price year-to-date (YTD) is up 27% compared to October 2015 and is down by $3,758 compared to September 2016. The West Vancouver median price increased by $445,000 from September 2016 to October 2016 ($2,680,000 to $3,125,000).

In North Vancouver, there were 61 sales in the month of October. The sales to new listings ratio was 39% which represents a balanced market. For October 2016 the sales to total active listings percentage was 19%, a decrease from 83% in October 2015. Sales for October 2016 were down by 69 units compared to October 2015.

The North Vancouver listing inventory has increased by 1 home compared to September 2016 and increased by 166 homes compared to October 2015. The average price year-to-date (YTD) is up 27% compared to October 2015 and is down by $6,799 compared to September 2016. The North Vancouver median price decreased by $5,000 from September 2016 to October 2016 ($1,555,000 to $1,550,000).

If you know anyone who is thinking of selling this year, I would love to help them out. Please keep me in mind.

Detached Homes 2016 2015

West Vancouver – October 2016
Sales 22 116
Sales YTD 777 921
Avg. Price YTD $3,699,871 $2,913,222
Active Listings 439 433
Median Price $3,125,000 $2,650,000

North Vancouver – October 2016
Sales 61 130
Sales YTD 1,133 1,301
Avg. Price YTD $1,810,700 $1,416,241
Active Listings 322 156
Median Price $1,550,000 $1,443,000



Thanks!

John Jennings
Royal LePage Sussex-John Jennings
604-790-1900
john@johnjennings.com
www.johnjennings.com
Twitter: @johnjenningswv
Facebook: www.facebook.com/westvancouverrealestate

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