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North Shore Real Estate Update July 2018


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Blog by John Jennings | August 8th, 2018


NORTH SHORE REAL ESTATE UPDATE JULY 2018

In West Vancouver, there were 32 sales in the month of July. The sales to new listings ratio was 28% which represents a buyer’s market. For July 2018, the sales to total active listings percentage was 6%, a decrease from 8% in July 2017. Sales for July 2018 were down by 9 units compared to July 2017. 

The West Vancouver listing inventory has decreased by 45 homes compared to June 2018 and increased by 88 homes compared to July 2017. The average price year-to-date (YTD) is down by 10% compared to July 2017 and is down by $20,068 compared to June 2018. The West Vancouver median price decreased by $250,000 from June 2018 to July 2018 ($2,700,000 to $2,450,000). 

In North Vancouver, there were 51 sales in the month of July. The sales to new listings ratio was 39% which represents a balanced market. For July 2018, the sales to total active listings percentage was 12%, a decrease from 25% in July 2017. Sales for July 2018 were down 30 units compared to July 2017. 

The North Vancouver listing inventory has decreased by 24 homes compared to June 2018 and increased by 103 homes compared to July 2017. The average price year-to-date (YTD) is down 2% compared to July 2017 and is down by $18,207 compared to June 2018. The North Vancouver median price decreased by $48,000 from June 2018 to July 2018 ($1,638,000 to $1,590,000). 

 

Detached Homes

2018

2017

 

 

 

West Vancouver – July 2018

 

 

            Sales

32

41

            Sales YTD

200

348

            Avg. Price YTD

$3,186,949

$3,569,355

            Active Listings

576

488

            Median Price

$2,450,000

$2,772,350

 

 

 

North Vancouver – July 2018

 

 

            Sales

51

81

            Sales YTD

453

672

            Avg. Price YTD

$1,879,036

$1,917,557

            Active Listings

425

322

            Median Price

$1,590,000

$1,800,000

 

 

 

Thanks!         

 

John