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NORTH SHORE REAL ESTATE UPDATE AUGUST 2016


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Blog by John Jennings | September 7th, 2016


In West Vancouver, there were 31 sales in the month of August. The sales to new listings ratio was 32% which represents a buyer’s market. For August 2016 the sales to total active listings percentage was 7%, a decrease from 18% in August 2015. Sales for August 2016 were down by 52 units compared to August 2015. 

 

The West Vancouver listing inventory has decreased by 34 homes compared to July 2016 and decreased by 58 homes compared to August 2015. The average price year-to-date (YTD) is up 31% compared to August 2015 and is down by $32,769 compared to July 2016. The West Vancouver median price decreased by $300,000 from July 2016 to August 2016 ($3,050,000 to $2,750,000). 

 

In North Vancouver, there were 62 sales in the month of August. The sales to new listings ratio was 51% which represents a seller’s market. For August 2016 the sales to total active listings percentage was 30%, a decrease from 57% in August 2015. Sales for August 2016 were down by 33 units compared to August 2015. 

 

The North Vancouver listing inventory has decreased by 10 homes compared to July 2016 and decreased by 42 homes compared to August 2015. The average price year-to-date (YTD) is up 31% compared to August 2015 and is down by $6,514 compared to July 2016. The North Vancouver median price decreased by $110,000 from July 2016 to August 2016 ($1,660,000 to $1,550,000). 

 

If you know anyone who is thinking of selling this year, I would love to help them out. Please keep me in mind.

 

Detached Homes

2016

2015

 

 

 

West Vancouver – August 2016

 

 

            Sales

31

83

            Sales YTD

733

738

            Avg. Price YTD

$3,730,710

$2,835,375

            Active Listings

395

453

            Median Price

$2,750,000

$2,500,000

 

 

 

North Vancouver – August 2016

 

 

            Sales

62

95

            Sales YTD

1,019

1,064

            Avg. Price YTD

$1,825,063

$1,387,627

            Active Listings

207

165

            Median Price

$1,550,000

$1,338,000

 

 

 

 

 

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