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North Shore Real Estate Update


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Blog by John Jennings | October 7th, 2009


In West Vancouver, the sales to new listings ratio was 39% for the month of September compared to 13% in September 2008.  The 39% for September 2009 represents a ­­­­­balanced market.  Sales for September 2009 are up by 45 units compared to September 2008.  Also, the West Vancouver listing inventory has dropped by 156 units compared to last year for the same month.  The average price year to date (YTD) was down 15% compared to September 2008.  The West Vancouver YTD average price increased from $1,540,556 to $1,566,631 between August 2009 and September 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 57% for the month of September compared to 19% in September 2008.  The 57% for September 2009 represents a seller’s market.  Sales for September 2009 are up by 55 units compared to September 2008.  In addition, the North Vancouver listing inventory has dropped by 175 units compared to last year for the same month.  The average price year to date is down 9% compared to September 2008.    

  

Detached Homes

2009

2008

 

 

 

West Vancouver

 

 

            Sales (September)

66

21

            Sales YTD (to September)

497

408

            Avg. Price YTD (to September)

$1,566,631

$1,849,290

            Active Listings (September)

419

575

            Median Price (September)

$1,427,500

$1,230,000

 

 

 

North Vancouver

 

 

            Sales (September)

100

45

            Sales YTD (to September)

838

704

            Avg. Price YTD (to September)

$882,162

$978,950

            Active Listings (September)

285

460

            Median Price (September)

$850,000

$825,000

 

 

 

Thanks!

John

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com