North shore real estate market update ~ February 2018

In West Vancouver, there were 24 sales in the month of February. The sales to new listings ratio was 15% which represents a buyer’s market. For February 2018, the sales to total active listings percentage was 5%, a decrease from 10% in February 2017. Sales for February 2018 were down by 11 units compared to February 2017.

The West Vancouver listing inventory has increased by 63 homes compared to January 2018 and increased by 91 homes compared to February 2017. The average price year-to-date (YTD) is down by 5% compared to February 2017 and is down by $277,908 compared to January 2018. The West Vancouver median price decreased by $252,000 from January 2018 to February 2018 ($3,052,000 to $2,800,000).

In North Vancouver, there were 58 sales in the month of February. The sales to new listings ratio was 39% which represents a balanced market. For February 2018, the sales to total active listings percentage was 20%, a decrease from 39% in February 2017. Sales for February 2018 were down 30 units compared to February 2017.

The North Vancouver listing inventory has increased by 51 homes compared to January 2018 and increased by 65 homes compared to February 2017. The average price year-to-date (YTD) is unchanged compared to February 2017 and is up by $129,889 compared to January 2018. The North Vancouver median price increased by $140,000 from January 2018 to February 2018 ($1,560,000 to $1,700,000).  
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