North shore real estate market update ~ January 2018

(February 07, 2018 , posted in North Shore)


In West Vancouver, there were 15 sales in the month of January. The sales to new listings ratio was 10% which represents a buyer’s market. For January 2018, the sales to total active listings percentage was 4%, a decrease from 6% in January 2017. Sales for January 2018 were down by 5 units compared to January 2017.

The West Vancouver listing inventory has decreased by 11 homes compared to December 2017 and increased by 52 homes compared to January 2017. The average price year-to-date (YTD) is down by 2% compared to January 2017 and is up by $13,103 compared to December 2017. The West Vancouver median price decreased by $348,000 from December 2017 to January 2018 ($3,400,000 to $3,052,000).

In North Vancouver, there were 30 sales in the month of January. The sales to new listings ratio was 20% which represents a buyer’s market. For January 2018, the sales to total active listings percentage was 13%, a decrease from 16% in January 2017. Sales for January 2018 were down by 4 units compared to January 2017.

The North Vancouver listing inventory has increased by 29 homes compared to December 2017 and increased by 22 homes compared to January 2017. The average price year-to-date (YTD) is down 7% compared to January 2017 and is down by $261,079 compared to December 2017. The North Vancouver median price decreased by $140,000 from December 2017 to January 2018 ($1,700,000 to $1,560,000).  

Prepared by:
John JenningsROYAL LEPAGE SUSSEX-JOHN JENNINGS
john@johnjennings.com
604-790-1900

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