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North Shore Real Estate Market Update March 2019


Blog by June Conway | April 3rd, 2019


In West Vancouver, there were 23 sales in the month of March. The sales to new listings ratio was 19% which represents a buyer’s market. For March 2019, the sales to total active listings percentage was 4.7%, which is less than the 5.6% from March 2018. Sales for March 2019 were down by 3 units compared to March 2018.

The West Vancouver listing inventory has increased by 25 homes compared to March 2018. The average price year-to-date (YTD) is down by 15% compared to March 2018. The West Vancouver median price increased by $275,000 from February 2019 to March 2019 ($2,025,000 to $2,300,000).

In North Vancouver, there were 70 sales in the month of March. The sales to new listings ratio was 47% which represents a balanced market. For March 2019, the sales to total active listings percentage was 19%, a decrease from 21% in March 2018. Sales for March 2019 were up by 3 units compared to March 2018.

The North Vancouver listing inventory has increased by 55 homes compared to March 2018. The average price year-to-date (YTD) is down 9% compared to March 2018. The North Vancouver median price increased by $95,000 from February 2019 to March 2019 ($1,435,000 to $1,530,000).

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Prepared by:
John Jennings
Royal LePage Sussex-John Jennings