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North Shore Real Estate Update


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Blog by John Jennings | August 7th, 2019


In West Vancouver, there were 43 sales in the month of July. The sales to new listings ratio was 40% which represents a balanced market. For July 2019, the sales to total active listings percentage was 8%, which is more than the 5% from July 2018. Sales for July 2019 were up by 11 units compared to July 2018.

The West Vancouver listing inventory has decreased by 35 homes compared to July 2018. The average price year-to-date (YTD) is down by 9% compared to July 2018. The West Vancouver median price decreased by $599,000 from June 2019 to July 2019 ($2,649,000 to $2,050,000).

In North Vancouver, there were 76 sales in the month of July. The sales to new listings ratio was 65% which represents a seller’s market. For July 2019, the sales to total active listings percentage was 20%, an increase from 12% in July 2018. Sales for July 2019 were up by 25 units compared to July 2018.

The North Vancouver listing inventory has decreased by 45 homes compared to July 2018. The average price year-to-date (YTD) is down 8% compared to July 2018. The North Vancouver median price decreased by $30,000 from June 2019 to July 2019 ($1,480,000 to $1,450,000).

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Prepared by:

John Jennings

ROYAL LEPAGE SUSSEX-JOHN JENNINGS