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NORTH SHORE REAL ESTATE UPDATE December 2016


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Blog by John Jennings | January 5th, 2017


In West Vancouver, there were 31 sales in the month of December. For December 2016 the sales to total active listings percentage was 11%, a decrease from 26% in December 2015. Sales for December 2016 were down by 41 units compared to December 2015. 

 

The West Vancouver listing inventory has decreased by 110 homes compared to November 2016 and decreased by 1 home compared to December 2015. The average price year-to-date (YTD) is up 22% compared to December 2015 and is down by $10,087 compared to November 2016. The West Vancouver median price increased by $400,000 from November 2016 to December 2016 ($2,450,000 to $2,850,000). 

 

In North Vancouver, there were 48 sales in the month of December. For December 2016 the sales to total active listings percentage was 28%, a decrease from 94% in December 2015. Sales for December 2016 were down by 30 units compared to December 2015. 

 

The North Vancouver listing inventory has decreased by 99 homes compared to November 2016 and increased by 90 homes compared to December 2015. The average price year-to-date (YTD) is up 24% compared to December 2015 and is down by $108 compared to November 2016. The North Vancouver median price increased by $105,000 from November 2016 to December 2016 ($1,485,000 to $1,590,000). 

 

Detached Homes

2016

2015

 

 

 

West Vancouver – December 2016

 

 

            Sales

31

72

            Sales YTD

834

1,075

            Avg. Price YTD

$3,668,929

$2,988,576

            Active Listings

281

282

            Median Price

$2,850,000

$3,000,000

 

 

 

North Vancouver – December 2016

 

 

            Sales

48

78

            Sales YTD

1,242

1,481

            Avg. Price YTD

$1,803,741

$1,445,053

            Active Listings

173

83

            Median Price

$1,590,000

$1,475,000

 

 

 

 

 

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