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NORTH SHORE REAL ESTATE UPDATE - MAY 2009


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Blog by John Jennings | June 3rd, 2009


In West Vancouver, the sales to new listings ratio was 46% for the month of May compared to 37% in May 2008.  The 46% for May 2009 represents a balanced market.  The average price year to date (YTD) was down 21% compared to May 2008.  The West Vancouver YTD average price and the median price have both decreased slightly from April 2009. 

In North Vancouver, the ratio of sales to new listings was 78% for the month of May compared to 40% in May 2008.  The 78% for May 2009 represents a sellers market.  Sales for May 2009 are up by 32 units compared to May 2008.  Also, the North Vancouver listing inventory has dropped by 78 units compared to last year.  The average price year to date is down 18% compared to May 2008.  The North Vancouver YTD average price has decreased slightly and the median price has increased by $11,000 from April 2009. 

 

Detached Homes

2009

2008

 

 

 

West Vancouver

 

 

            Sales (May)

55

61

            Sales YTD (to May)

198

286

            Avg. Price YTD (to May)

$1,450,095

$1,853,223

            Active Listings (May)

480

499

            Median Price (May)

$1,175,000

$1,373,000

 

 

 

North Vancouver

 

 

            Sales (May)

134

102

            Sales YTD (to May)

370

450

            Avg. Price YTD (to May)

$823,583

$1,006,591

            Active Listings (May)

313

391

            Median Price (May)

$756,000

$892,000

 

 

 

Thanks!

John

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com