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North Shore Real Estate Update July 2013


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Blog by John Jennings | August 7th, 2013


In West Vancouver, there were 79 sales in the month of July.  This represents a seller’s market with a 57% sales to new listings ratio.  For July 2013, the sales to total active listings percentage was 13% and for July 2012, it was 8%.  Sales for July 2013 were up by 33 units compared to July 2012.  The West Vancouver listing inventory has decreased by ­­­21 homes compared to June 2013 and increased by 71 homes compared to July 2012.  The average price year to date (YTD) is down 2% compared to July 2012 and is up by $25,053 compared to June 2013.  The West Vancouver median price increased by $208,000 from June 2013 to July 2013 ($1,730,000 to $1,938,000). 

In North Vancouver, there were 117 sales in the month of July.  This represents a strong seller’s market with an 85% sales to new listings ratio.  For July 2013, the sales to total active listings percentage was 28% and for July 2012, it was 15%.  Sales for July 2013 were up by 57 units compared to July 2012.  The North Vancouver listing inventory has decreased by 67 homes compared to June 2013 and increased by 12 homes compared to July 2012.  The average price year to date (YTD) is down 2% compared to July 2012 and up by $4,595 compared to June 2013.  The North Vancouver median price decreased by $15,000 from June 2013 to July 2013 ($955,000 to $940,000). 

 

Detached Homes

2013

2012

 

 

 

West Vancouver

 

 

            Sales (July)

79

46

            Sales YTD (July)

414

430

            Avg. Price YTD (July)

$2,283,905

$2,337, 201

            Active Listings (July)

604

533

            Median Price (July)

$1,938,000

$1,852,000

 

 

 

North Vancouver

 

 

            Sales (July)

117

60

            Sales YTD (July)

695

655

            Avg. Price YTD (July)

$1,072,472

$1,098,304

            Active Listings (July)

418

406

            Median Price (July)

$940,000

$993,000

 

 

 

 

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