North shore real estate update March 2018


In West Vancouver, there were 26 sales in the month of March. The sales to new listings ratio was 23% which represents a buyer’s market. For March 2018, the sales to total active listings percentage was 6%, a decrease from 15% in March 2017. Sales for March 2018 were down by 33 units compared to March 2017. 

The West Vancouver listing inventory has increased by 7 homes compared to February 2018 and increased by 76 homes compared to March 2017. The average price year-to-date (YTD) is down by 7% compared to March 2017 and is down by $126,134 compared to February 2018. The West Vancouver median price increased by $100,000 from February 2018 to March 2018 ($2,800,000 to $2,900,000).

In North Vancouver, there were 67 sales in the month of March. The sales to new listings ratio was 42% which represents a balanced market. For March 2018, the sales to total active listings percentage was 21%, a decrease from 41% in March 2017. Sales for March 2018 were down 31 units compared to March 2017.

The North Vancouver listing inventory has increased by 23 homes compared to February 2018 and increased by 73 homes compared to March 2017. The average price year-to-date (YTD) is up 1% compared to March 2017 and is up by $101,500 compared to February 2018. The North Vancouver median price increased by $85,000 from February 2018 to March 2018 ($1,700,000 to $1,785,000). 

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