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NORTH SHORE REAL ESTATE UPDATE - JULY 2006


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Blog by John Jennings | August 18th, 2006


NORTH SHORE REAL ESTATE UPDATE

                                                                        JULY 2006

In West Vancouver, we had 44 detached home sales for the month of July.  This is a 27% decrease compared to the number of sales for July 2005.  However, for the first 7 months of the year we have sold 26 more homes than we did in the first 7 months of 2005.  The inventory of homes for sale in West Van has increased 5% from the same month last year.

The YTD average price for West Vancouver increased from $1,502,467 at the end of June to $1,506,898 at the end of July.

The median price for a West Vancouver house decreased from $1,273,000 in June 2006 to $1,115,000 in July 2006.

In North Vancouver, the number of sales decreased from 109 homes sold in July 2005 to 86 homes sold in July 2006.  This is a 21% decrease.  There have been 11 more sales in the first 7 months of 2006 than there were in the first 7 months of 2005.  The inventory of homes for sale in North Van has increased 8% compared to the same month last year. 

The average price (YTD) in North Vancouver increased slightly from $775,005 in June 2006 to $776,568 for July 2006.

The median price for a North Vancouver house increased from $719,000 in June 2006 to $749,000 in July 2006.

 

Detached Homes

     2006           

2005

 

 

 

West Vancouver

 

 

            Sales (July)

     44

     61

            Sales YTD (to July)

     468

     442

            Average Price YTD (to July)

     $1,506,898

     $1,210,183

            Active Listings (July)

     295

     280

 

 

 

North Vancouver

 

 

            Sales (July)

     86

     109

            Sales YTD (to July)

     781

     770

            Average Price YTD (to July)

     $776,568

     $667,530

            Active Listings (July)

     219

     202

 

 

 

 

Sincerely,

 

John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com