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NORTH SHORE REAL ESTATE UPDATE February 2017


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Blog by John Jennings | March 3rd, 2017


In West Vancouver, there were 35 sales in the month of February. The sales to new listings ratio was 30% which represents a buyer’s market. For February 2017 the sales to total active listings percentage was 10%, a decrease from 39% in February 2016. Sales for February 2017 were down by 106 units compared to February 2016. 

 

The West Vancouver listing inventory has increased by 24 homes compared to January 2017 and increased by 9 homes compared to February 2016. The average price year-to-date (YTD) is down 3% compared to February 2016 and is down by $189,055 compared to January 2017. The West Vancouver median price increased by $585,000 from January 2017 to February 2017 ($2,620,000 to $3,205,000). 

 

In North Vancouver, there were 88 sales in the month of February. The sales to new listings ratio was 64% which represents a seller’s market. For February 2017 the sales to total active listings percentage was 39%, a decrease from 83% in February 2016. Sales for February 2017 were down by 71 units compared to February 2016. 

 

The North Vancouver listing inventory has increased by 8 homes compared to January 2017 and increased by 33 homes compared to February 2016. The average price year-to-date (YTD) is up 1% compared to February 2016 and is down $376 compared to January 2017. The North Vancouver median price increased by $30,000 from January 2017 to February 2017 ($1,595,000 to $1,625,000). 

 

Detached Homes

2017

2016

 

 

 

West Vancouver – February 2017

 

 

            Sales

35

141

            Sales YTD

55

223

            Avg. Price YTD

$3,570,410

$3,708,243

            Active Listings

366

357

            Median Price

$3,205,000

$3,310,000

 

 

 

North Vancouver – February 2017

 

 

            Sales

88

159

            Sales YTD

122

227

            Avg. Price YTD

$1,769,968

$1,737,664

            Active Listings

225

192

            Median Price

$1,625,000

$1,586,000

 

 

 

 

 

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