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North Shore Real Estate Update December 2018


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Blog by John Jennings | January 16th, 2019


In West Vancouver, there were 15 sales in the month of December. The sales to new listings ratio was 31% which represents a buyer’s market. For December 2018, the sales to total active listings percentage was 3.4%, a decrease from 7.4% in December 2017. Sales for December 2018 were down by 15 units compared to December 2017.

The West Vancouver listing inventory has increased by 33 homes compared to December 2017. The average price year-to-date (YTD) is down by 10% compared to December 2017. The West Vancouver median price increased by $490,000 from November 2018 to December 2018 ($2,400,000 to $2,890,000).

In North Vancouver, there were 41 sales in the month of December. The sales to new listings ratio was 124% which represents a very strong seller’s market. For December 2018, the sales to total active listings percentage was 14%, a decrease from 33% in December 2017. Sales for December 2018 were down by 29 units compared to December 2017.

The North Vancouver listing inventory has increased by 81 homes compared to December 2017. The average price year-to-date (YTD) is down 1% compared to December 2017. The North Vancouver median price increased by $112,000 from November 2018 to December 2018 ($1,538,000 to $1,650,000).

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