NORTH SHORE REAL ESTATE UPDATE - MAY 2009
In West Vancouver, the sales to new listings ratio was 46% for the month of May compared to 37% in May 2008. The 46% for May 2009 represents a balanced market. The average price year to date (YTD) was down 21% compared to May 2008. The West Vancouver YTD average price and the median price have both decreased slightly from April 2009.
In North Vancouver, the ratio of sales to new listings was 78% for the month of May compared to 40% in May 2008. The 78% for May 2009 represents a sellers market. Sales for May 2009 are up by 32 units compared to May 2008. Also, the North Vancouver listing inventory has dropped by 78 units compared to last year. The average price year to date is down 18% compared to May 2008. The North Vancouver YTD average price has decreased slightly and the median price has increased by $11,000 from April 2009.
|
Detached Homes |
2009 |
2008 |
|
|
|
|
|
West Vancouver |
|
|
|
Sales (May) |
55 |
61 |
|
Sales YTD (to May) |
198 |
286 |
|
Avg. Price YTD (to May) |
$1,450,095 |
$1,853,223 |
|
Active Listings (May) |
480 |
499 |
|
Median Price (May) |
$1,175,000 |
$1,373,000 |
|
|
|
|
|
North Vancouver |
|
|
|
Sales (May) |
134 |
102 |
|
Sales YTD (to May) |
370 |
450 |
|
Avg. Price YTD (to May) |
$823,583 |
$1,006,591 |
|
Active Listings (May) |
313 |
391 |
|
Median Price (May) |
$756,000 |
$892,000 |
|
|
|
|
Thanks!
John
John Jennings
Prudential Sussex Realty-John Jennings
604-790-1900
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