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North Shore Real Estate Update August 2018


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Blog by John Jennings | September 5th, 2018


NORTH SHORE REAL ESTATE UPDATE AUGUST 2018

In West Vancouver, there were 27 sales in the month of August. The sales to new listings ratio was 25% which represents a buyer’s market. For August 2018, the sales to total active listings percentage was 5%, a decrease from 6% in August 2017. Sales for August 2018 were down by 3 units compared to August 2017. 

The West Vancouver listing inventory has decreased by 16 homes compared to July 2018 and increased by 79 homes compared to August 2017. The average price year-to-date (YTD) is down by 11% compared to August 2017 and is down by $10,825 compared to July 2018. The West Vancouver median price decreased by $50,000 from July 2018 to August 2018 ($2,450,000 to $2,400,000). 

In North Vancouver, there were 31 sales in the month of August. The sales to new listings ratio was 34% which represents a buyer’s market. For August 2018, the sales to total active listings percentage was 8%, a decrease from 26% in August 2017. Sales for August 2018 were down 44 units compared to August 2017. 

The North Vancouver listing inventory has decreased by 39 homes compared to July 2018 and increased by 101 homes compared to August 2017. The average price year-to-date (YTD) is down 2% compared to August 2017 and is down by $5,826 compared to July 2018. The North Vancouver median price decreased by $90,000 from July 2018 to August 2018 ($1,590,000 to $1,500,000). 

 

Detached Homes

2018

2017

 

 

 

West Vancouver – August 2018

 

 

            Sales

27

30

            Sales YTD

227

378

            Avg. Price YTD

$3,176,124

$3,603,813

            Active Listings

560

481

            Median Price

$2,400,000

$2,950,000

 

 

 

North Vancouver – August 2018

 

 

            Sales

31

75

            Sales YTD

484

747

            Avg. Price YTD

$1,873,210

$1,927,597

            Active Listings

386

285

            Median Price

$1,500,000

$1,830,000

 

 

 

  

Thanks!         

John