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NORTH SHORE REAL ESTATE UPDATE SEPTEMBER 2006


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Blog by John Jennings | October 9th, 2006


NORTH SHORE REAL ESTATE UPDATE SEPTEMBER 2006

In West Vancouver, we had 49 detached home sales for the month of September.  This is a 33% decrease compared to the number of sales for September 2005.  For the first three quarters of the year we have sold 22 fewer homes than we did in the first three quarters of 2005.  The inventory of homes for sale in West Van has increased 19% from the same month last year.

The YTD average price for West Vancouver increased from $1,534,812 at the end of August to $1,547,865 at the end of September.

The median price for a West Vancouver house decreased from $1,500,000 in August 2006 to $1,285,000 in September 2006.

In North Vancouver, the number of sales decreased from 100 homes sold in September 2005 to 82 homes sold in September 2006.  This is an 18% decrease.  There have been 21 fewer sales in the first three quarters of 2006 than there were in the first three quarters of 2005.  The inventory of homes for sale in North Van has increased 11% compared to the same month last year. 

The average price (YTD) in North Vancouver increased slightly from $776,443 in August 2006 to $778,732 for September 2006.

The median price for a North Vancouver house increased from $705,000 in August 2006 to $745,000 in September 2006.