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North Shore Real Estate Update November 2012


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Blog by John Jennings | December 5th, 2012


In West Vancouver, there were 32 sales in the month of November.  This represents a balanced market with a 44% sales to new listings ratio.  For November 2012, the sales to total active listings percentage was 6% and for November 2011, it was 16%.  Sales for November 2012 were down by 34 units compared to November 2011.  The West Vancouver listing inventory has decreased by 49 homes compared to October 2012 and increased by 101 homes compared to 2011.  The average price year to date (YTD) is up 6% compared to November 2011 and down by $22,276 compared to October 2012.  The West Vancouver median price decreased by $­326,071 from October 2012 to November 2012 ($­­­­­­1,741,071to $1,415,000). 

In North Vancouver, there were 60 sales in the month of November.  This represents a seller’s market with a 68% sales to new listings ratio.  For November 2012, the sales to total active listings percentage was 15% and for November 2011, it was 28%.  Sales for November 2012 were down by 16 units compared to November 2011.  The North Vancouver listing inventory has decreased by 62 homes compared to October 2012 and increased by 121­­­ homes compared to November 2011.  The average price year to date (YTD) is up 5% compared to November 2011 and down by $3,385 compared to October 2012.  The North Vancouver median price decreased by $17,000 from October 2012 to November 2012 ($912,000 to $895,000). 

 

Detached Homes

2012

2011

 

 

 

West Vancouver

 

 

            Sales (November)

32

66

            Sales YTD (November)

580

1,125

            Avg. Price YTD (November)

$2,339,376

$2,192,597

            Active Listings (November)

502

401

            Median Price (November)

$1,415,000

$1,820,000

 

 

 

North Vancouver

 

 

            Sales (November)

60

76

            Sales YTD (November)

888

1,138

            Avg. Price YTD (November)

$1,091,546

$1,035,770

            Active Listings (November)

389

268

            Median Price (November)

$895,000

$950,000

 

 

 

 

Wishing you and your family a wonderful Christmas and New Year’s Eve!

 

John      

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com

Twitter: @johnjenningswv

Facebook: www.facebook.com/westvancouverrealestate