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North Shore Real Estate Update June 2015


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Blog by John Jennings | July 8th, 2015


In West Vancouver, there were 102 sales in the month of June.  This represents a balanced market with a 47% sales to new listings ratio.  For June 2015 the sales to total active listings percentage was 21%, an increase from 18% in June 2014.  Sales for June 2015 were up by 8 units compared to June 2014.  

The West Vancouver listing inventory has increased by 28 homes compared to May 2015 and decreased by 41 homes compared to June 2014.  The average price year to date (YTD) is up 11% compared to June 2014 and is up by $38,689 compared to May 2015.  The West Vancouver median price increased by $55,000 from May 2015 to June 2015 ($2,345,000 to $2,400,000). 

In North Vancouver, there were 156 sales in the month of June. This represents a strong seller’s market with an 80% sales to new listings ratio.  For June 2015, the sales to total active listings percentage was 63%, an increase from 36% in June 2014.  Sales for June 2015 were up by 21 units compared to June 2014.  

The North Vancouver listing inventory has decreased by 5 homes compared to May 2015 and decreased by 127 homes compared to June 2014.  The average price year to date (YTD) is up 18% compared to June 2014, and is down by $5,137 compared to May 2015.  The North Vancouver median price decreased by $37,000 from May 2015 to June 2015 ($1,300,000 to $1,263,000). 

 

Detached Homes

2015

2014

 

 

 

West Vancouver JUNE 2015

 

 

            Sales

102

94

            Sales YTD

575

420

            Avg. Price YTD

$2,796,089

$2,504,902

            Active Listings

495

536

            Median Price

$2,400,000

$2,100,000

 

 

 

North Vancouver JUNE 2015

 

 

            Sales

156

135

            Sales YTD

853

703

            Avg. Price YTD

1,383,571

$1,171,324

            Active Listings

249

376

            Median Price

$1,263,000

$1,010,000

 

 

 

 

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