what's the real estate market doing?

(August 09, 2018 , posted in North Shore)


In West Vancouver, there were 32 sales in the month of July. The sales to new listings ratio was 28% which represents a buyer’s market. For July 2018, the sales to total active listings percentage was 6%, a decrease from 8% in July 2017. Sales for July 2018 were down by 9 units compared to July 2017.

The West Vancouver listing inventory has decreased by 45 homes compared to June 2018 and increased by 88 homes compared to July 2017. The average price year-to-date (YTD) is down by 10% compared to July 2017 and is down by $20,068 compared to June 2018. The West Vancouver median price decreased by $250,000 from June 2018 to July 2018 ($2,700,000 to $2,450,000).

In North Vancouver, there were 51 sales in the month of July. The sales to new listings ratio was 39% which represents a balanced market. For July 2018, the sales to total active listings percentage was 12%, a decrease from 25% in July 2017. Sales for July 2018 were down 30 units compared to July 2017.

The North Vancouver listing inventory has decreased by 24 homes compared to June 2018 and increased by 103 homes compared to July 2017. The average price year-to-date (YTD) is down 2% compared to July 2017 and is down by $18,207 compared to June 2018. The North Vancouver median price decreased by $48,000 from June 2018 to July 2018 ($1,638,000 to $1,590,000).  

Prepared by:
John Jennings
604-790-1900
john@johnjennings.com
Royal LePage Sussex-John Jennings

blog comments powered by Disqus