north shore real estate update August 2017

(September 07, 2017 , posted in North Shore)



In West Vancouver, there were 30 sales in the month of August. The sales to new listings ratio was 28% which represents a buyer’s market. For August 2017 the sales to total active listings percentage was 6%, a decrease from 8% in August 2016. Sales for August 2017 were down by 1 unit compared to August 2016. 

The West Vancouver listing inventory has decreased by 7 homes compared to July 2017 and increased by 86 homes compared to August 2016. The average price year-to-date (YTD) is down 3% compared to August 2016 and is up $34,458 compared to July 2017. The West Vancouver median price increased by $177,650 from July 2017 to August 2017 ($2,772,350 to $2,950,000).

In North Vancouver, there were 75 sales in the month of August. The sales to new listings ratio was 63% which represents a seller’s market. For August 2017 the sales to total active listings percentage was 26%, a decrease from 30% in August 2016. Sales for August 2017 were up by 13 units compared to August 2016.

The North Vancouver listing inventory has decreased by 37 homes compared to July 2017 and increased by 78 homes compared to August 2016. The average price year-to-date (YTD) is up 5% compared to August 2016 and is up by $10,040 compared to July 2017. The North Vancouver median price increased by $30,000 from July 2017 to August 2017 ($1,800,000 to $1,830,000).

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

blog comments powered by Disqus