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North Shore Real Estate Update December 2017


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Blog by John Jennings | January 31st, 2018


NORTH SHORE REAL ESTATE UPDATE DECEMBER 2017

In West Vancouver, there were 30 sales in the month of December. The sales to new listings ratio was 85% which represents a seller’s market. For December 2017, the sales to total active listings percentage was 7%, a decrease from 11% in December 2016. Sales for December 2017 were down by 1 unit compared to December 2016. 

The West Vancouver listing inventory has decreased by 106 homes compared to November 2017 and increased by 124 homes compared to December 2016. The average price year-to-date (YTD) is down by approximately $28,000 compared to December 2016 and is up $27,356 compared to November 2017. The West Vancouver median price increased by $450,000 from November 2017 to December 2017 ($2,950,000 to $3,400,000).  

In North Vancouver, there were 70 sales in the month of December. The sales to new listings ratio was 148% which obviously represents a very strong seller’s market! For December 2017, the sales to total active listings percentage was 33%, an increase from 28% in December 2016. Sales for December 2017 were up by 22 units compared to December 2016.  

The North Vancouver listing inventory has decreased by 123 homes compared to November 2017 and increased by 37 homes compared to December 2016. The average price year-to-date (YTD) is up 5% compared to December 2016 and is up by $5,248 compared to November 2017. The North Vancouver median price increased by $11,000 from November 2017 to December 2017 ($1,689,000 to $1,700,000). 

 

Detached Homes

2017

2016

 

 

 

West Vancouver – December 2017

 

 

            Sales

30

31

            Sales YTD

509

834

            Avg. Price YTD

$3,640,163

$3,668,929

            Active Listings

405

281

            Median Price

$3,400,000

$2,850,000

 

 

 

North Vancouver – December 2017

 

 

            Sales

70

48

            Sales YTD

1,048

1,242

            Avg. Price YTD

$1,897,504

$1,803,741

            Active Listings

210

173

            Median Price

$1,700,000

$1,590,000

 

 

 

Thanks!         

John