North Shore Real Estate Update
In West Vancouver, the sales to new listings percentage was 54% for the month of February compared to 27% in February 2009. The 54% for February 2010 represents a seller’s market. Sales for February 2010 were up by 33 units compared to February 2009. Also, the West Vancouver listing inventory has dropped by 66 units compared to last year for the same month. The average price year to date (YTD) was up 7% compared to February 2009.
In North Vancouver, the sales to new listings percentage was 66% for the month of February compared to 32% in February 2009. The 66% for February 2010 represents a seller’s market. Sales for February 2010 were up by 32 units compared to February 2009. In addition, the North Vancouver listing inventory has dropped by 125 compared to last year for the same month. The average price year to date (YTD) was up 35% compared to February 2009.
|
Detached Homes |
2010 |
2009 |
|
|
|
|
|
|
|
|
|
Sales (February) |
60 |
27 |
|
Sales YTD (to February) |
86 |
49 |
|
Avg. Price YTD (to February) |
$1,559,191 |
$1,445,959 |
|
Active Listings (February) |
361 |
427 |
|
Median Price (February) |
$1,390,000 |
$1,067,000 |
|
|
|
|
|
|
|
|
|
|
78 |
46 |
|
|
118 |
58 |
|
Avg. Price YTD (to February) |
$1,013,930 |
$748,835 |
|
Active Listings (February) |
215 |
340 |
|
Median Price (February) |
$870,000 |
$675,000 |
|
|
|
|
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Thanks!
John
John Jennings
Prudential Sussex Realty-John Jennings
604-790-1900
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