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North Shore Real Estate Update


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Blog by John Jennings | November 4th, 2009


In West Vancouver, the sales to new listings ratio was 59% for the month of October compared to 15% in October 2008.  The 59% for October 2009 represents a seller’s market.  Sales for October 2009 are up by 65 units compared to October 2008.  Also, the West Vancouver listing inventory has dropped by 149 units compared to last year for the same month.  The average price year to date (YTD) was down 14% compared to October 2008.  The West Vancouver YTD average price increased from $1,566,631 to $1,586,270 between September 2009 and October 2009. 

In North Vancouver, the ratio of sales to new listings was 93% for the month of October compared to 35% in October 2008.  The 93% for October 2009 represents a very strong seller’s market.  Sales for October 2009 are up by 62 units compared to October 2008.  In addition, the North Vancouver listing inventory has dropped by 213 units compared to last year for the same month.  North Vancouver YTD average price increased from $882,162 to $893,141 between September 2009 and October 2009.     

Detached Homes

2009

2008

 

 

 

West Vancouver

 

 

            Sales (October)

84

19

            Sales YTD (to October)

581

427

            Avg. Price YTD (to October)

$1,586,270

$1,847,712

            Active Listings (October)

416

565

            Median Price (October)

$1,425,000

$1,283,800

 

 

 

North Vancouver

 

 

            Sales (October)

117

55

            Sales YTD (to October)

955

759

            Avg. Price YTD (to October)

$893,141

$973,809

            Active Listings (October)

259

472

            Median Price (October)

$870,000

$809,000

 

 

 

Thanks!

John

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com