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North Shore Real Estate Update February 2014


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Blog by John Jennings | March 5th, 2014


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

 

 

 

West Vancouver 

 

 

            Sales (February)

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

 

 

 

North Vancouver

 

 

            Sales (February)

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

john@johnjennings.com

www.johnjennings.com

Twitter: @johnjenningswv

Facebook: www.facebook.com/westvancouverrealestate