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North Shore Real Estate Update December 2012


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Blog by John Jennings | January 2nd, 2013


In West Vancouver, there were 29 sales in the month of December.  This represents a seller’s market with a 72% sales to new listings ratio.  For December 2012, the sales to total active listings percentage was 7% and for December 2011, it was 12%.  Sales for December 2012 were down by 9 units compared to December 2011.  The West Vancouver listing inventory has decreased by 104 homes compared to November 2012 and increased by 79 homes compared to 2011.  The average price year to date (YTD) is up 7% compared to December 2011 and up by $6,189 compared to November 2012.  The West Vancouver median price increased by $­585,000 from November 2012 to December 2012 ($1,415,000 to $2,000,000). 

In North Vancouver, there were 32 sales in the month of December.  This represents a strong seller’s market with a 110% sales to new listings ratio.  For December 2012, the sales to total active listings percentage was 12% and for December 2011, it was 30%.  Sales for December 2012 were down by 21 units compared to December 2011.  The North Vancouver listing inventory has decreased by 114 homes compared to November 2012 and increased by 100 homes compared to December 2011.  The average price year to date (YTD) is up 4% compared to December 2011 and down by $1,570 compared to November 2012.  The North Vancouver median price increased by $5,000 from November 2012 to December 2012 ($895,000 to $900,000). 

 

Detached Homes

2012

2011

 

 

 

West Vancouver

 

 

            Sales (December)

29

38

            Sales YTD (December)

609

1,163

            Avg. Price YTD (December)

$2,345,565

$2,178,983

            Active Listings (December)

398

319

            Median Price (December)

$2,000,000

$1,537,000

 

 

 

North Vancouver

 

 

            Sales (December)

32

53

            Sales YTD (December)

920

1,191

            Avg. Price YTD (December)

$1,089,976

$1,038,667

            Active Listings (December)

275

175

            Median Price (December)

$900,000

$970,000

 

 

 

 

Best wishes for a happy, healthy 2013!

 

John      

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com

Twitter: @johnjenningswv

Facebook: www.facebook.com/westvancouverrealestate