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North Shore Real Estate Update July 2015


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Blog by John Jennings | August 5th, 2015


In West Vancouver, there were 80 sales in the month of July. This represents a seller’s market with a 52% sales to new listings ratio. For July 2015, the sales to total active listings percentage was 16%, an increase from 13% in July 2014.  Sales for July 2015 were up by 11 units compared to July 2014. 

The West Vancouver listing inventory has decreased by 10 homes compared to June 2015 and decreased by 65 homes compared to July 2014.  The average price year to date (YTD) is up 11% compared to July 2014 and is up by $11,743 compared to June 2015.  The West Vancouver median price increased by $20,000 from June 2015 to July 2015 ($2,400,000 to $2,420,000). 

In North Vancouver, there were 116 sales in the month of July.  This represents a strong seller’s market with a 107% sales to new listings ratio.  For July 2015, the sales to total active listings percentage was 57%, an increase from the 34% in July 2014.  Sales for July 2015 were up by 4 units compared to July 2014. 

The North Vancouver listing inventory has decreased by 44 homes compared to June 2015 and decreased by 121 homes compared to July 2014.  The average price year to date (YTD) is up 18% compared to July 2014 and is up by $2,488 compared to June 2015.  The North Vancouver median price increased by $37,000 from June 2015 to July 2015 ($1,263,000 to $1,300,000). 

 

Detached Homes

2015

2014

 

 

 

West Vancouver – JULY 2015

 

 

            Sales

80

69

            Sales YTD

655

489

            Avg. Price YTD

$2,807,832

$2,510,282

            Active Listings

485

550

            Median Price

$2,420,000

$1,950,000

 

 

 

North Vancouver – JULY 2015

 

 

            Sales

116

112

            Sales YTD

969

815

            Avg. Price YTD

1,386,059

$1,171,977

            Active Listings

205

326

            Median Price

$1,300,000

$1,105,800

 

 

 

 

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