North Shore Real Estate Update February 2015

In West Vancouver, there were 118 sales in the month of February.  This represents a balanced market with a 49% sales to new listings ratio.  For February 2015, the sales to total active listings percentage was 25%, an increase from 14% in February 2014.  Sales for February 2015 were up by 55 units compared to February 2014.   

The West Vancouver listing inventory has increased by 81 homes compared to January 2015 and increased by 22 homes compared to February 2014.  The average price year to date (YTD) is up 6 % compared to February 2014 and is up by $353,107 compared to January 2015.   The West Vancouver median price increased by $302,000 from January 2015 to February 2015 ($2,018,000 to $2,320,000). 

In North Vancouver, there were 124 sales in the month of February.  This represents a seller’s market with a 59% sales to new listings ratio.  For February 2015, the sales to total active listings percentage was 48%, an increase from 22% in February 2014.  Sales for February 2015 were up by 29 units compared to February 2014. 

The North Vancouver listing inventory has increased by 63 homes compared to January 2015 but decreased by 52 homes compared to February 2014.  The average price year to date (YTD) is up 8% compared to February 2014 and down by $62,826 compared to January 2015.  The North Vancouver median price increased by $62,500 from January 2015 to February 2015 ($1,210,000 to $1,272,500). 

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