In West Vancouver, there were 63 sales in the month of February. This represents a balanced market with a 42% sales to new listings ratio. For February 2014, the sales to total active listings percentage was 14% and for February 2013, it was 6%. Sales for February 2014 were up by 32 units compared to February 2013. The West Vancouver listing inventory has increased by 29 homes compared to January 2014 and decreased by 48 homes compared to February 2013. The average price year to date (YTD) is up 5% compared to February 2013 and is up by $254,598 compared to January 2014. The West Vancouver median price increased by $732,000 from January 2014 to February 2014 ($1,818,000 to $2,550,000).
In North Vancouver, there were 95 sales in the month of February. This represents a mild seller’s market with a 51% sales to new listings ratio. For February 2014, the sales to total active listings percentage was 30% and for February 2013, it was 20%. Sales for February 2014 were up by 19 units compared to February 2013. The North Vancouver listing inventory has increased by 55 homes compared to January 2014 and decreased by 63 homes compared to February 2013. The average price year to date (YTD) is up 15% compared to February 2013 and up by $39,421 compared to January 2014. The North Vancouver median price decreased by $38,000 from January 2014 to February 2014 ($1,100,500 to $1,062,500).
|
Detached Homes |
2014 |
2013 |
|
|
|
|
|
|
|
|
|
|
63 |
31 |
|
Sales YTD (February) |
107 |
69 |
|
Avg. Price YTD (February) |
$2,478,537 |
$2,341,623 |
|
Active Listings (February) |
451 |
499 |
|
Median Price (February) |
$2,550,000 |
$1,650,000 |
|
|
|
|
|
|
|
|
|
|
95 |
76 |
|
Sales YTD (February) |
148 |
128 |
|
Avg. Price YTD (February) |
$1,254,092 |
$1,085,808 |
|
Active Listings (February) |
312 |
375 |
|
Median Price (February) |
$1,062,500 |
$938,000 |
|
|
|
|
Thanks!
John
John Jennings
Prudential Sussex Realty-John Jennings
604-790-1900
Twitter: @johnjenningswv
Facebook: www.facebook.com/westvancouverrealestate