North shore market update

(April 05, 2017 )


John Jennings of Royal LePage Sussex-John Jennings reports that 'In West Vancouver, there were 59 sales in the month of March. The sales to new listings ratio was 38% which represents a balanced market. For March 2017 the sales to total active listings percentage was 15%, a decrease from 45% in March 2016. Sales for March 2017 were down by 87 units compared to March 2016. 

The West Vancouver listing inventory has increased by 22 homes compared to February 2017 and increased by 61 homes compared to March 2016. The average price year-to-date (YTD) is down 6% compared to March 2016 and is down by $46,837 compared to February 2017. The West Vancouver median price decreased by $80,000 from February 2017 to March 2017 ($3,205,000 to $3,125,000).

In North Vancouver, there were 98 sales in the month of March. The sales to new listings ratio was 63% which represents a seller’s market. For March 2017 the sales to total active listings percentage was 41%, a decrease from 105% in March 2016. Sales for March 2017 were down by 82 units compared to March 2016.

The North Vancouver listing inventory has increased by 15 homes compared to February 2017 and increased by 68 homes compared to March 2016. The average price year-to-date (YTD) is up 6% compared to March 2016 and is up by $67,535 compared to February 2017. The North Vancouver median price increased by $75,000 from February 2017 to March 2017 ($1,625,000 to $1,700,000).'

Detached Homes 2017 2016

West Vancouver – March 2017
Sales 59 146
Sales YTD 114 369
Avg. Price YTD $3,523,573 $3,772,036
Active Listings 388 327
Median Price $3,125,000 $3,360,000

North Vancouver – March 2017
Sales 98 180
Sales YTD 220 407
Avg. Price YTD $1,837,503 $1,724,662
Active Listings 240 172
Median Price $1,700,000 $1,600,000


(Source of Text: John Jennings Royal LePage Sussex-John Jennings)

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