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North Shore Real Estate Update April 2015


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Blog by John Jennings | May 6th, 2015


In West Vancouver, there were 109 sales in the month of April.  This represents a seller’s market with a 57% sales to new listings ratio.  For April 2015, the sales to total active listings percentage was 23%, an increase from 15% in April 2014.  Sales for April 2015 were up by 33 units compared to April 2014.  

The West Vancouver listing inventory has decreased by 13 homes compared to March 2015 and decreased by 36 homes compared to April 2014.  The average price year to date (YTD) is up 11% compared to April 2014 and is up by $7,751 compared to March 2015.  The West Vancouver median price increased by $82,000 from March 2015 to April 2015 ($2,298,000 to $2,380,000). 

In North Vancouver, there were 167 sales in the month of April.  This represents a strong seller’s market with an 86% sales to new listings ratio.  For April 2015, the sales to total active listings percentage was 65%, an increase from 34% in April 2014.  Sales for April 2015 were up by 26 units compared to April 2014. 

The North Vancouver listing inventory has decreased by 17 homes compared to March 2015 and decreased by 152 homes compared to April 2014.  The average price year to date (YTD) is up 13% compared to April 2014 and is up by $8,373 compared to March 2015.  The North Vancouver median price decreased by $14,112 from March 2015 to April 2015. ($1,275,000 to $1,260,888). 

 

Detached Homes

2015

2014

 

 

 

West Vancouver – [APRIL 2015]

 

 

            Sales

109

76

            Sales YTD

375

244

            Avg. Price YTD

$2,721,132

$2,446,384

            Active Listings

475

511

            Median Price

$2,380,000

$1,900,000

 

 

 

North Vancouver – [APRIL 2015]

 

 

            Sales

167

141

            Sales YTD

548

423

            Avg. Price YTD

1,376,442

$1,213,572

            Active Listings

257

409

            Median Price

$1,260,888

$1,118,000

 

 

 

 

Thanks!  

John      

 

John Jennings

Royal LePage Sussex - John Jennings    604-790-1900

john@johnjennings.com    www.johnjennings.com   

Twitter: @johnjenningswv     Facebook: www.facebook.com/westvancouverrealestate