<<< back to article list

North Shore Real Estate Update


  • +1

Blog by John Jennings | August 7th, 2009


In West Vancouver, the sales to new listings ratio was 66% for the month of July compared to 26% in July 2008.  The 66% for July 2009 represents a ­­­­­­­­­­­­­­­sellers market.  Sales for July 2009 are up by 40 units compared to July 2008.  Also, the West Vancouver listing inventory has dropped by 164 units compared to last year for the same month.  The average price year to date (YTD) was down 20% compared to July 2008.  The West Vancouver YTD average price increased marginally from $1,462,593 to $1,482,950 between June 2009 and July 2009 (it was $1,471,181 at the end of January 2009 as a matter of interest). 

 

In North Vancouver, the ratio of sales to new listings was 75% for the month of July compared to 48% in July 2008.  The 75% for July 2009 represents a sellers market.  Sales for July 2009 are up by 40 units compared to July 2008.  In addition, the North Vancouver listing inventory has dropped by 158 units compared to last year for the same month.  The average price year to date is down 12% compared to July 2008.   

 

 

Detached Homes

2009

2008

 

 

 

West Vancouver

 

 

            Sales (July)

77

37

            Sales YTD (to July)

373

368

            Avg. Price YTD (to July)

$1,482,950

$1,861,388

            Active Listings (July)

393

557

            Median Price (July)

$1,310,000

$1,360,000

 

 

 

North Vancouver

 

 

            Sales (July)

115

75

            Sales YTD (to July)

638

603

            Avg. Price YTD (to July)

$864,426

$991,669

            Active Listings (July)

280

438

            Median Price (July)

$835,000

$851,000

 

 

 

 

I hope you are having a great summer!

 

John