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North Shore Real Estate Update August 2015


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Blog by John Jennings | September 2nd, 2015


In West Vancouver, there were 83 sales in the month of August.  This represents a seller’s market with a 68% sales to new listings ratio.  For August 2015, the sales to total active listings percentage was 18%, an increase from 14% in August 2014.  Sales for August 2015 were up by 11 units compared to August 2014.

The West Vancouver listing inventory has decreased by 32 homes compared to July 2015 and decreased by 55 homes compared to August 2014.  The average price year to date (YTD) is up 13% compared to August 2014 and is up by $27,543 compared to July 2015.  The West Vancouver median price increased by $80,000 from July 2015 to August 2015 ($2,420,000 to $2,500,000). 

In North Vancouver, there were 95 sales in the month of August.  This represents a very strong seller’s market with a 97% sales to new listings ratio.  For August 2015, the sales to total active listings percentage was 58%, an increase from 34% in August 2014.  Sales for August 2015 were down by 4 units compared to August 2014.

The North Vancouver listing inventory has decreased by 40 homes compared to July 2015 and decreased by 124 homes compared to August 2014.  The average price year to date (YTD) is up 18% compared to August 2014 and is up by $1,568 compared to July 2015.  The North Vancouver median price increased by $38,000 from July 2015 to August 2015 ($1,300,000 to $1,338,000). 

 

Detached Homes

2015

2014

 

 

 

West Vancouver –  AUGUST 2015

 

 

            Sales

83

72

            Sales YTD

738

561

            Avg. Price YTD

$2,835,375

$2,494,237

            Active Listings

453

508

            Median Price

$2,500,000

$1,927,500

 

 

 

North Vancouver – AUGUST 2015

 

 

            Sales

95

99

            Sales YTD

1,064

914

            Avg. Price YTD

1,387,627

$1,174,747

            Active Listings

165

289

            Median Price

$1,338,000

$1,065,000

 

 

 

 

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