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North Shore Real Estate Update May 2018


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Blog by John Jennings | June 6th, 2018


NORTH SHORE REAL ESTATE UPDATE MAY 2018

In West Vancouver, there were 38 sales in the month of May. The sales to new listings ratio was 16% which represents a buyer’s market. For May 2018, the sales to total active listings percentage was 6%, a decrease from 14% in May 2017. Sales for May 2018 were down by 25 units compared to May 2017. 

The West Vancouver listing inventory has increased by 78 homes compared to April 2018 and increased by 134 homes compared to May 2017. The average price year-to-date (YTD) is down by 11% compared to May 2017 and is up by $107,162 compared to April 2018. The West Vancouver median price increased by $230,000 from April 2018 to May 2018 ($2,600,000 to $2,830,000). 

In North Vancouver, there were 90 sales in the month of May. The sales to new listings ratio was 36% which represents a balanced market. For May 2018, the sales to total active listings percentage was 21%, a decrease from 44% in May 2017. Sales for May 2018 were down 49 units compared to May 2017. 

The North Vancouver listing inventory has increased by 47 homes compared to April 2018 and increased by 124 homes compared to May 2017. The average price year-to-date (YTD) is down 1% compared to May 2017 and is up by $31,859 compared to April 2018. The North Vancouver median price increased by $31,000 from April 2018 to May 2018 ($1,649,000 to $1,680,000). 

 

Detached Homes

2018

2017

 

 

 

West Vancouver – May 2018

 

 

            Sales

38

63

            Sales YTD

135

243

            Avg. Price YTD

$3,272,271

$3,693,261

            Active Listings

599

465

            Median Price

$2,830,000

$3,225,000

 

 

 

North Vancouver – May 2018

 

 

            Sales

90

139

            Sales YTD

322

469

            Avg. Price YTD

$1,892,872

$1,920,581

            Active Listings

438

314

            Median Price

$1,680,000

$1,689,000

 

 

 

Thanks!         

 

John