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NORTH SHORE REAL ESTATE UPDATE JULY 2008


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Blog by John Jennings | August 7th, 2008


 

In West Vancouver, there were 37 homes sold in July 2008 compared to 83 homes sold in July 2007 and 45 homes sold in June 2008.  The West Vancouver sales to new listings ratio was 26% for the month of July.  This represents a "buyer's market".  The inventory of homes for sale in West Vancouver has increased by 85% compared to July 2007.  In West Vancouver the sales YTD have decreased by 25% from the same time period in 2007.  The year to date (YTD) average price went down slightly from $1,866,086 as of June 30, 2008 to $1,861,388 as of July 30, 2008.

In North Vancouver, there were 75 homes sold in July 2008 compared to 94 homes sold in July 2007 and 78 homes sold in June 2008.  The North Vancouver sales to new listings ratio was 48% for the month of July.  This represents a "balanced market".  The inventory of homes for sale in North Vancouver has increased by 105% compared to July 2007.  In North Vancouver the sales YTD have decreased by 20% from the same time period in 2007.  The YTD average price in July 2008  ($991,669) has increased by 15% compared to July 2007 ($855,039). 

 

Detached Homes

2008

2007

 

 

 

West Vancouver

 

 

            Sales (July)

37

83

            Sales YTD (to July)

368

494

            Avg. Price YTD (to July)

$1,861,388

$1,723,860

            Active Listings (July)

557

301

            Median Price (July)

$1,360,000

$1,305,000

 

 

 

North Vancouver

 

 

            Sales (July)

75

94

            Sales YTD (to July)

603

757

            Avg. Price YTD (to July)

$991,669

$855,039

            Active Listings (July)

438

213

            Median Price (July)

851,000

775,000

 

 

 

Thanks!

John Jennings

604-790-1900

john@johnjennings.com

http://www.johnjennings.com/