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North Shore Real Estate Update


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Blog by John Jennings | December 2nd, 2009


In West Vancouver, the sales to new listings ratio was 87% for the month of November compared to 25% in November 2008.  The 87% for November 2009 represents a very strong seller’s market.  Sales for November 2009 are up by 51 units compared to November 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 12% compared to November 2008.  The West Vancouver YTD average price increased from $1,586,270 to $1,603,625 between October 2009 and November 2009. 

In North Vancouver, the ratio of sales to new listings was 96% for the month of November compared to 42% in November 2008.  The 96% for November 2009 represents a very strong seller’s market.  Sales for November 2009 are up by 62 units compared to November 2008.  In addition, the North Vancouver listing inventory has dropped by 203 units compared to last year for the same month.  The average price year to date (YTD) was down 6% compared to November 2008.  North Vancouver YTD average price increased from $893,141 to $898,729 between October 2009 and November 2009.     

 

Detached Homes

2009

2008

 

 

 

West Vancouver

 

 

            Sales (November)

71

20

            Sales YTD (to November)

652

447

            Avg. Price YTD (to November)

$1,603,625

$1,841,990

            Active Listings (November)

383

539

            Median Price (November)

$1,315,000

$1,350,000

 

 

 

North Vancouver

 

 

            Sales (November)

92

32

            Sales YTD (to November)

1,047

791

            Avg. Price YTD (to November)

$898,729

$966,238

            Active Listings (November)

220

423

            Median Price (November)

$865,000

$748,000

 

 

 

Merry Christmas and best wishes to you and your family for the holiday season!  

John      

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com