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North Shore Real Estate Update December 2014


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Blog by John Jennings | January 7th, 2015


In West Vancouver, there were 51 sales in the month of December. This represents a strong seller’s market with a 106% sales to new listings ratio.  For December 2014, the sales to total active listings percentage was 16%, higher than the 14% of December 2013.  Sales for December 2014 were down by 1 unit compared to December 2013.  The West Vancouver listing inventory has decreased by 91 homes compared to November 2014 and decreased by 37 homes compared to December 2013.  The average price year to date (YTD) is up 9 % compared to December 2013 and is up by $9,634 compared to November 2014.  The West Vancouver median price increased by $258,000 from November 2014 to December 2014 ($1,875,000 to $2,133,000). 

In North Vancouver, there were 64 sales in the month of December.  This represents a strong seller’s market with a 142% sales to new listings ratio.  For December 2014, the sales to total active listings percentage was 39%, an increase from 26% in December 2013.  Sales for December 2014 were down by 6 units compared to December 2013.  The North Vancouver listing inventory has decreased by 71 homes compared to November 2014 and decreased by 55 homes compared to December 2013. 

The average price year to date (YTD) is up 10% compared to December 2013 and up by $12,823 compared to November 2014.  The North Vancouver median price increased by $271,000 from November 2014 to December 2014 ($1,079,000 to $1,350,000). 

 

Detached Homes

2014

2013

 

 

 

West Vancouver – December 2014

 

 

            Sales

51

52

            Sales YTD

828

769

            Avg. Price YTD

$2,546,511

$1,900,750

            Active Listings

326

363

            Median Price

$2,133,800

$2,144,000

 

 

 

North Vancouver – December 2014

 

 

            Sales

64

58

            Sales YTD

1235

1093

            Avg. Price YTD

1,193,861

$970,000

            Active Listings

165

220

            Median Price

$1,350,000

$965,000

 

 

 

 

Thanks!

John      

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com

Twitter: @johnjenningswv

Facebook: www.facebook.com/westvancouverrealestate