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North Shore Real Estate Update May 2015


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Blog by John Jennings | June 3rd, 2015


In West Vancouver, there were 98 sales in the month of May.  This represents a seller’s market with a 53% sales to new listings ratio.  For May 2015, the sales to total active listings percentage was 21%, an increase from 15% in May 2014.  Sales for May 2015 were up by 16 units compared to May 2014.

The West Vancouver listing inventory has decreased by 8 homes compared to April 2015 and decreased by 87 homes compared to May 2014.  The average price year to date (YTD) is up 11% compared to May 2014 and is up by $36,268 compared to April 2015.  The West Vancouver median price decreased by $35,000 from April 2015 to May 2015 ($2,380,000 to $2,345,000). 

In North Vancouver, there were 149 sales in the month of May.  This represents a strong seller’s market with a 77% sales to new listings ratio.  For May 2015, the sales to total active listings percentage was 59%, an increase from 36% in May 2014.  Sales for May 2015 were up by 4 units compared to May 2014. 

The North Vancouver listing inventory has decreased by 3 homes compared to April 2015 and decreased by 144 homes compared to May 2014.  The average price year to date (YTD) is up 17% compared to May 2014 and is up by $12,266 compared to April 2015.   The North Vancouver median price increased by $39,112 from April 2015 to May 2015 ($1,260,888 to $1,300,000). 

 

Detached Homes

2015

2014

 

 

 

West Vancouver – May 2015

 

 

            Sales

98

82

            Sales YTD

473

326

            Avg. Price YTD

$2,757,400

$2,475,833

            Active Listings

467

554

            Median Price

$2,345,000

$2,200,000

 

 

 

North Vancouver – May 2015

 

 

            Sales

149

145

            Sales YTD

697

568

            Avg. Price YTD

$1,388,708

$1,179,571

            Active Listings

254

398

            Median Price

$1,300,000

$998,000

 

 

 

 

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