typical summer market activity

(August 02, 2017 , posted in North Shore)


In West Vancouver, there were 41 sales in the month of July. The sales to new listings ratio was 27% which represents a buyer’s market. For July 2017 the sales to total active listings percentage was 8%, a decrease from 10% in July 2016. Sales for July 2017 were down by 3 units compared to July 2016. 

The West Vancouver listing inventory has increased by 12 homes compared to June 2017 and increased by 59 homes compared to July 2016. The average price year-to-date (YTD) is down 5% compared to July 2016 and is down $65,690 compared to June 2017. The West Vancouver median price decreased by $87,650 from June 2017 to July 2017 ($2,860,000 to $2,772,350).

In North Vancouver, there were 81 sales in the month of July. The sales to new listings ratio was 49% which represents a balanced market. For July 2017 the sales to total active listings percentage was 25%, a decrease from 46% in July 2016. Sales for July 2017 were down by 18 units compared to July 2016.

The North Vancouver listing inventory has increased by 5 homes compared to June 2017 and increased by 105 homes compared to July 2016. The average price year-to-date (YTD) is up 4% compared to July 2016 and is up by $9,728 compared to June 2017. The North Vancouver median price increased by $150,000 from June 2017 to July 2017 ($1,650,000 to $1,800,000).

Detached Homes 2017......2016

West Vancouver
Sales.....................41....................44
Sales YTD.............348.................702
Avg. Price YTD.....$3,569,355.....$3,763,479
Active Listings.....488..................429
Median Price.......$2,772,350......$3,050,000

North Vancouver
Sales....................81......................99
Sales YTD............672....................957
Avg. Price YTD....$1,917,557.......$1,831,577
Active Listings....322.....................217
Median Price......$1,800,000........$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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