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North Shore Real Estate Update July 2014


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Blog by John Jennings | August 6th, 2014


In West Vancouver, there were 69 sales in the month of July.  This represents a balanced market with a 44% sales to new listings ratio.  For July 2014, the sales to total active listings percentage was 13% and for July 2013, it was 13%.  Sales for July 2014 were down by 10 units compared to July 2013.  The West Vancouver listing inventory has increased by 14 homes compared to June 2014 and decreased by 54 homes compared to July 2013.  The average price year to date (YTD) is up 9% compared to July 2013 and is up by $5380 compared to June 2014.  The West Vancouver median price decreased by $150,000 from June 2014 to July 2014 ($2,100,000 to $1,950,000). 

In North Vancouver, there were 112 sales in the month of July.  This represents a strong seller’s market with an 86% sales to new listings ratio.  For July 2014, the sales to total active listings percentage was 34% and for July 2013, it was 28%.  Sales for July 2014 were down by 5 units compared to July 2013.  The North Vancouver listing inventory has decreased by 50 homes compared to June 2014 and decreased by 92 homes compared to July 2013.  The average price year to date (YTD) is up 9% compared to July 2013 and up by $653 compared to June 2014.  The North Vancouver median price increased by $95,800 from June 2014 to July 2014 ($1,010,000 to $1,105,800). 

 

Detached Homes

2014

2013

 

 

 

West Vancouver

 

 

            Sales (July)

69

79

            Sales YTD (July)

489

414

            Avg. Price YTD (July)

$2,510,282

$2,283,905

            Active Listings (July)

550

604

            Median Price (July)

$1,950,000

$1,938,000

 

 

 

North Vancouver

 

 

            Sales (July)

112

117

            Sales YTD (July)

815

695

            Avg. Price YTD (July)

$1,171,977

$1,072,472

            Active Listings (July)

326

418

            Median Price (July)

$1,105,800

$940,000

 

 

 

 

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