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North Shore Real Estate Update December 2013


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Blog by John Jennings | January 8th, 2014


In West Vancouver, there were 52 sales in the month of December.  This represents a very strong seller’s market with a 106% sales to new listings ratio.  For December 2013, the sales to total active listings percentage was 14% and for December 2012, it was 7%.  Sales for December 2013 were up by 23 units compared to December 2012.  The West Vancouver listing inventory has decreased by ­­­86 homes compared to November 2013 and decreased by 35 homes compared to December 2012.  The average price year to date (YTD) is marginally lower compared to December 2012 and is up by $9,983 compared to November 2013.  The West Vancouver median price increased by $263,000 from November 2013 to December 2013 ($1,875,000 to $2,138,000). 

In North Vancouver, there were 58 sales in the month of December.  This represents a very strong seller’s market with a 156% sales to new listings ratio.  For December 2013, the sales to total active listings percentage was 26% and for December 2012, it was 12%.  Sales for December 2013 were up by 26 units compared to December 2012.  The North Vancouver listing inventory has decreased by 104 homes compared to November 2013 and decreased by 55 homes compared to December 2012.  The average price year to date (YTD) is marginally lower compared to December 2012 and down by $1,302 compared to November 2013.  The North Vancouver median price decreased by $55,000 from November 2013 to December 2013 ($1,015,000 to $960,000). 

 

Detached Homes

2013

2012

 

 

 

West Vancouver

 

 

            Sales (December)

52

29

            Sales YTD (December)

769

609

            Avg. Price YTD (December)

$2,327,025

$2,345,565

            Active Listings (December)

363

398

            Median Price (December)

$2,138,000

$2,000,000

 

 

 

North Vancouver

 

 

            Sales (December)

58

32

            Sales YTD (December)

1,093

920

            Avg. Price YTD (December)

$1,082,367

$1,089,976

            Active Listings (December)

220

275

            Median Price (December)

$960,000

$900,000

 

 

 

 

My best wishes for a great 2014!

John      

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com

Twitter: @johnjenningswv

Facebook: www.facebook.com/westvancouverrealestate