buyers market? sellers market?

(March 01, 2017 )


In West Vancouver, there were 35 sales in the month of February. The sales to new listings ratio was 30% which represents a buyer’s market. For February 2017 the sales to total active listings percentage was 10%, a decrease from 39% in February 2016. Sales for February 2017 were down by 106 units compared to February 2016.

The West Vancouver listing inventory has increased by 24 homes compared to January 2017 and increased by 9 homes compared to February 2016. The average price year-to-date (YTD) is down 3% compared to February 2016 and is down by $189,055 compared to January 2017. The West Vancouver median price increased by $585,000 from January 2017 to February 2017 ($2,620,000 to $3,205,000).

In North Vancouver, there were 88 sales in the month of February. The sales to new listings ratio was 64% which represents a seller’s market. For February 2017 the sales to total active listings percentage was 39%, a decrease from 83% in February 2016. Sales for February 2017 were down by 71 units compared to February 2016.

The North Vancouver listing inventory has increased by 8 homes compared to January 2017 and increased by 33 homes compared to February 2016. The average price year-to-date (YTD) is up 1% compared to February 2016 and is down $376 compared to January 2017. The North Vancouver median price increased by $30,000 from January 2017 to February 2017 ($1,595,000 to $1,625,000).

Detached Homes 2017 2016

West Vancouver – February 2017
Sales 35 141
Sales YTD 55 223
Avg. Price YTD $3,570,410 $3,708,243
Active Listings 366 357
Median Price $3,205,000 $3,310,000

North Vancouver – February 2017
Sales 88 159
Sales YTD 122 227
Avg. Price YTD $1,769,968 $1,737,664
Active Listings 225 192
Median Price $1,625,000 $1,586,000

Prepared by:
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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