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North Shore Real Estate Update June 2018


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Blog by John Jennings | July 4th, 2018


NORTH SHORE REAL ESTATE UPDATE JUNE 2018

In West Vancouver, there were 33 sales in the month of June. The sales to new listings ratio was 18% which represents a buyer’s market. For June 2018, the sales to total active listings percentage was 5%, a decrease from 13% in June 2017. Sales for June 2018 were down by 31 units compared to June 2017. 

The West Vancouver listing inventory has increased by 22 homes compared to May 2018 and increased by 145 homes compared to June 2017. The average price year-to-date (YTD) is down by 11% compared to June 2017 and is down by $65,254 compared to May 2018. The West Vancouver median price decreased by $130,000 from May 2018 to June 2018 ($2,830,000 to $2,700,000). 

In North Vancouver, there were 80 sales in the month of June. The sales to new listings ratio was 43% which represents a balanced market. For June 2018, the sales to total active listings percentage was 18%, a decrease from 38% in June 2017. Sales for June 2018 were down by 42 units compared to June 2017. 

The North Vancouver listing inventory has increased by 11 homes compared to May 2018 and increased by 132 homes compared to June 2017. The average price year-to-date (YTD) is down by 0.6% compared to June 2017 and is up by $4,371 compared to May 2018. The North Vancouver median price decreased by $42,000 from May 2018 to June 2018 ($1,680,000 to $1,638,000). 

 

Detached Homes

2018

2017

 

 

 

West Vancouver – June 2018

 

 

            Sales

33

64

            Sales YTD

168

307

            Avg. Price YTD

$3,207,017

$3,635,045

            Active Listings

621

476

            Median Price

$2,700,000

$2,860,000

 

 

 

North Vancouver – June 2018

 

 

            Sales

80

122

            Sales YTD

402

591

            Avg. Price YTD

$1,897,243

$1,907,829

            Active Listings

449

317

            Median Price

$1,638,000

$1,650,000

 

 

 

 

Thanks!         

John      

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