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NORTH SHORE REAL ESTATE UPDATE MAY 2016


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Blog by John Jennings | June 8th, 2016


In West Vancouver, there were 102 sales in the month of May. The sales to new listings ratio was 47% which represents a balanced market. For May 2016 the sales to total active listings percentage was 27%, an increase from 21% in May 2015. Sales for May 2016 were up by 4 units compared to May 2015. 

 

The West Vancouver listing inventory has increased by 26 homes compared to April 2016 and decreased by 89 homes compared to May 2015. The average price year-to-date (YTD) is up 36% compared to May 2015 and is up down $12,975 compared to April 2016. The West Vancouver median price decreased by $160,000 from April 2016 to May 2016 ($3,300,000 to $3,140,000). 

 

In North Vancouver, there were 137 sales in the month of May. The sales to new listings ratio was 57% which represents a sellers market. For May 2016 the sales to total active listings percentage was 64%, an increase from 59% in May 2015. Sales for May 2016 were down by 12 units compared to May 2015. 

 

The North Vancouver listing inventory has increased by 47 homes compared to April 2016 and decreased by 39 homes compared to May 2015. The average price year-to-date (YTD) is up 30% compared to May 2015 and is up by $44,915 compared to April 2016. The North Vancouver median price increased by $135,000 from April 2016 to May 2016 ($1,680,000 to $1,815,000). 

 

If you know anyone who is thinking of selling this year, I would love to help them out. Please keep me in mind.

 

Detached Homes

2016

2015

 

 

 

West Vancouver – May 2016

 

 

            Sales

102

98

            Sales YTD

584

473

            Avg. Price YTD

$3,775,908

$2,757,400

            Active Listings

378

467

            Median Price

$3,140,000

$2,345,000

 

 

 

North Vancouver – May 2016

 

 

            Sales

137

149

            Sales YTD

704

697

            Avg. Price YTD

$1,813,392

$1,388,708

            Active Listings

215

254

            Median Price

$1,815,000

$1,300,000

 

 

 

 

 

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