North Shore real estate update September 2018


In West Vancouver, there were 25 sales in the month of September. The sales to new listings ratio was 15% which represents a buyer’s market. For September 2018, the sales to total active listings percentage was 4.3%, a decrease from 6.7% in September 2017. Sales for September 2018 were down by 10 units compared to September 2017.

The West Vancouver listing inventory has increased by 48 homes compared to September 2017. The average price year-to-date (YTD) is down by 10% compared to September 2017. The West Vancouver median price decreased by $465,000 from July 2018 to September 2018 ($3,165,000 to $2,700,000).

In North Vancouver, there were 41 sales in the month of September. The sales to new listings ratio was 17% which represents a buyer’s market. For September 2018, the sales to total active listings percentage was 9%, a decrease from 21% in September 2017. Sales for September 2018 were down by 33 units compared to September 2017.

The North Vancouver listing inventory has increased by 117 homes compared to September 2017. The average price year-to-date (YTD) is down 2% compared to September 2017. The North Vancouver median price decreased by $80,000 from July 2018 to September 2018 ($1,715,000 to $1,635,000).

Detached Homes 2018 (2017)

West Vancouver – September 2018
Sales 25 (35)
Sales YTD 252 (413)
Avg. Price YTD $3,231,749 ($3,602,930)
Active Listings 575 (527)
Median Price $2,700,000 ($3,165,000)

North Vancouver – September 2018
Sales 41 (74)
Sales YTD 525 (821)
Avg. Price YTD $1,870,515 ($1,915,429)
Active Listings 469 (352)
Median Price $1,635,000 ($1,715,000)

Prepared by:

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