north shore real estate update


In West Vancouver, there were 33 sales in the month of June. The sales to new listings ratio was 18% which represents a buyer’s market. For June 2018, the sales to total active listings percentage was 5%, a decrease from 13% in June 2017. Sales for June 2018 were down by 31 units compared to June 2017. 

The West Vancouver listing inventory has increased by 22 homes compared to May 2018 and increased by 145 homes compared to June 2017. The average price year-to-date (YTD) is down by 11% compared to June 2017 and is down by $65,254 compared to May 2018. The West Vancouver median price decreased by $130,000 from May 2018 to June 2018 ($2,830,000 to $2,700,000).

In North Vancouver, there were 80 sales in the month of June. The sales to new listings ratio was 43% which represents a balanced market. For June 2018, the sales to total active listings percentage was 18%, a decrease from 38% in June 2017. Sales for June 2018 were down by 42 units compared to June 2017.

The North Vancouver listing inventory has increased by 11 homes compared to May 2018 and increased by 132 homes compared to June 2017. The average price year-to-date (YTD) is down by 0.6% compared to June 2017 and is up by $4,371 compared to May 2018. The North Vancouver median price decreased by $42,000 from May 2018 to June 2018 ($1,680,000 to $1,638,000).

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