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NORTH SHORE REAL ESTATE UPDATE March 2017


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Blog by John Jennings | April 14th, 2017


NORTH SHORE REAL ESTATE UPDATE MARCH 2017

 

In West Vancouver, there were 59 sales in the month of March. The sales to new listings ratio was 38% which represents a balanced market. For March 2017 the sales to total active listings percentage was 15%, a decrease from 45% in March 2016. Sales for March 2017 were down by 87 units compared to March 2016. 

 

The West Vancouver listing inventory has increased by 22 homes compared to February 2017 and increased by 61 homes compared to March 2016. The average price year-to-date (YTD) is down 6% compared to March 2016 and is down by $46,837 compared to February 2017. The West Vancouver median price decreased by $80,000 from February 2017 to March 2017 ($3,205,000 to $3,125,000). 

 

In North Vancouver, there were 98 sales in the month of March. The sales to new listings ratio was 63% which represents a seller’s market. For March 2017 the sales to total active listings percentage was 41%, a decrease from 105% in March 2016. Sales for March 2017 were down by 82 units compared to March 2016. 

 

The North Vancouver listing inventory has increased by 15 homes compared to February 2017 and increased by 68 homes compared to March 2016. The average price year-to-date (YTD) is up 6% compared to March 2016 and is up by $67,535 compared to February 2017. The North Vancouver median price increased by $75,000 from February 2017 to March 2017 ($1,625,000 to $1,700,000). 

 

Detached Homes

2017

2016

 

 

 

West Vancouver – March 2017

 

 

            Sales

59

146

            Sales YTD

114

369

            Avg. Price YTD

$3,523,573

$3,772,036

            Active Listings

388

327

            Median Price

$3,125,000

$3,360,000

 

 

 

North Vancouver – March 2017

 

 

            Sales

98

180

            Sales YTD

220

407

            Avg. Price YTD

$1,837,503

$1,724,662

            Active Listings

240

172

            Median Price

$1,700,000

$1,600,000

 

 

 

 

 

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