reverse of normal trends?

(July 05, 2017 , posted in North Shore)


In West Vancouver, there were 64 sales in the month of June. The sales to new listings ratio was 36% which represents a balanced market. For June 2017 the sales to total active listings percentage was 13%, a decrease from 18% in June 2016. Sales for June 2017 were down by 10 units compared to June 2016.

The West Vancouver listing inventory has increased by 11 homes compared to May 2017 and increased by 71 homes compared to June 2016. The average price year-to-date (YTD) is down 3% compared to June 2016 and is down $58,216 compared to May 2017. The West Vancouver median price decreased by $365,000 from May 2017 to June 2017 ($3,225,000 to $2,860,000).

In North Vancouver, there were 122 sales in the month of June. The sales to new listings ratio was 58% which represents a seller’s market. For June 2017 the sales to total active listings percentage was 38%, a decrease from 77% in June 2016. Sales for June 2017 were down by 32 units compared to June 2016.

The North Vancouver listing inventory has increased by 3 homes compared to May 2017 and increased by 117 homes compared to June 2016. The average price year-to-date (YTD) is up 4% compared to June 2016 and is down by $12,752 compared to May 2017. The North Vancouver median price decreased by $39,000 from May 2017 to June 2017 ($1,689,000 to $1,650,000).


DETACHED          June 2017       (June 2016)

West Vancouver 
Sales                    64                      (74)
Sales YTD           307                    (658)
Avg. Price YTD   $3,635,045       ($3,760,267)
Active Listings   476                    (405)
Median Price    $2,860,000        ($3,100,000)

North Vancouver
Sales                  122                     154
Sales YTD          591                     858
Avg. Price YTD  $1,907,829        $1,825,741
Active Listings   317                    200
Median Price     $1,650,000       $1,660,000 

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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