north shore market update

(May 03, 2017 , posted in North Shore)


For the month of April, John Jennings of Royal LePage Sussex-John Jennings reports that in West Vancouver, there were 66 sales. The sales to new listings ratio was 41% which represents a balanced market. For April 2017 the sales to total active listings percentage was 16%, a decrease from 32% in April 2016. Sales for April 2017 were down by 47 units compared to April 2016.

The West Vancouver listing inventory has increased by 31 homes compared to March 2017 and increased by 67 homes compared to April 2016. The average price year-to-date (YTD) is down 2% compared to April 2016 and is up by $179,706 compared to March 2017. The West Vancouver median price increased by $335,000 from March 2017 to April 2017 ($3,125,000 to $3,460,000).

In North Vancouver, there were 110 sales in the month of April. The sales to new listings ratio was 67% which represents a seller’s market. For April 2017 the sales to total active listings percentage was 43%, a decrease from 95% in April 2016. Sales for April 2017 were down by 50 units compared to April 2016.

The North Vancouver listing inventory has increased by 14 homes compared to March 2017 and increased by 86 homes compared to April 2016. The average price year-to-date (YTD) is up 8% compared to April 2016 and is up by $74,891 compared to March 2017. The North Vancouver median price increased by $200,000 from March 2017 to April 2017 ($1,700,000 to $1,900,000).

Detached Homes 2017 (2016)

West Vancouver – April 2017
Sales 66 (113 )
Sales YTD 180 (482) 
Avg. Price YTD $3,703,279 ($3,788,883)
Active Listings 419 (352)
Median Price $3,460,000 ($3,300,000) 

North Vancouver – April 2017
Sales 110 (160 )
Sales YTD 330 (567) 
Avg. Price YTD $1,912,394 ($1,768,477)
Active Listings 254 (168) 
Median Price $1,900,000 ($1,680,000) 

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

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