North shore real estate update

(October 04, 2017 , posted in North Shore)


In West Vancouver, there were 35 sales in the month of September. The sales to new listings ratio was 15% which represents a buyer’s market. For September 2017 the sales to total active listings percentage was 7%, an increase from 5% in September 2016. Sales for September 2017 were up by 13 units compared to September 2016.

The West Vancouver listing inventory has increased by 46 homes compared to August 2017 and increased by 94 homes compared to September 2016. The average price year-to-date (YTD) is down 2% compared to September 2016 and is down $883 compared to August 2017. The West Vancouver median price increased by $215,000 from August 2017 to September 2017 ($2,950,000 to $3,165,000).

In North Vancouver, there were 74 sales in the month of September. The sales to new listings ratio was 32% which represents a buyer’s market. For September 2017 the sales to total active listings percentage was 21%, an increase from 17% in September 2016. Sales for September 2017 were up by 21 units compared to September 2016.

The North Vancouver listing inventory has increased by 67 homes compared to August 2017 and increased by 31 homes compared to September 2016. The average price year-to-date (YTD) is up 5% compared to September 2016 and is down by $12,168 compared to August 2017. The North Vancouver median price decreased by $115,000 from August 2017 to September 2017 ($1,830,000 to $1,715,000). 
Prepared by:
John Jennings
Royal LePage Sussex-John Jennings
604-790-1900
john@johnjennings.com
www.johnjennings.com

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