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NORTH SHORE REAL ESTATE UPDATE AUGUST 2008


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Blog by John Jennings | September 4th, 2008


In West Vancouver, there were 18 homes sold in August 2008 compared to 63 homes sold in August 2007 and 37 homes sold in July 2008.  The West Vancouver sales to new listings ratio was 25% for the month of August.  This represents a "buyer's market".  The inventory of homes for sale in West Vancouver has increased by 77% compared to August 2007.  The year to date (YTD) average price went down slightly from $1,861,388 as of July 31, 2008 to $1,859,598 as of August 31, 2008.

 

In North Vancouver, there were 56 homes sold in August 2008 compared to 87 homes sold in August 2007 and 75 homes sold in July 2008.  The North Vancouver sales to new listings ratio was 52% for the month of August.  This represents a "mild seller's market".  The inventory of homes for sale in North Vancouver has increased by 110% compared to August 2007.  The year to date (YTD) average price went down slightly from $991,669 as of July 31, 2008 to $985,351 as of August 31, 2008.

 

Detached Homes

2008

2007

 

 

 

West Vancouver

 

 

            Sales (August)

18

63

            Sales YTD (to August)

386

557

            Avg. Price YTD (to August)

$1,859,598

$1,729,221

            Active Listings (August)

535

301

            Median Price (August)

$1,248,000

$1,525,000

 

 

 

North Vancouver

 

 

            Sales (August)

56

87

            Sales YTD (to August)

659

844

            Avg. Price YTD (to August)

$985,351

$869,849

            Active Listings (August)

389

185

            Median Price (August)

$835,000

$824,000

 

 

 

 

Thanks!

 

John Jennings

604-790-1900

john@johnjennings.com

http://www.johnjennings.com