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NORTH SHORE REAL ESTATE UPDATE November 2016


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Blog by John Jennings | December 7th, 2016


In West Vancouver, there were 26 sales in the month of November. The sales to new listings ratio was 29% which represents a buyer’s market. For November 2016 the sales to total active listings percentage was 7%, a decrease from 22% in November 2015. Sales for November 2016 were down by 56 units compared to November 2015. 

 

The West Vancouver listing inventory has decreased by 48 homes compared to October 2016 and increased by 21 homes compared to November 2015. The average price year-to-date (YTD) is up 25% compared to November 2015 and is down by $20,801 compared to October 2016. The West Vancouver median price decreased by $675,000 from October 2016 to November 2016 ($3,125,000 to $2,450,000). 

 

In North Vancouver, there were 61 sales in the month of November. The sales to new listings ratio was 72% which represents a seller’s market. For November 2016 the sales to total active listings percentage was 22%, a decrease from 77% in November 2015. Sales for November 2016 were down by 41 units compared to November 2015. 

 

The North Vancouver listing inventory has decreased by 50 homes compared to October 2016 and increased by 140 homes compared to November 2015. The average price year-to-date (YTD) is up 25% compared to November 2015 and is down by $6,851 compared to October 2016. The North Vancouver median price decreased by $65,000 from October 2016 to November 2016 ($1,550,000 to $1,485,000). 

 

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 – November 2016

 

 

            Sales

26

82

            Sales YTD

803

1,003

            Avg. Price YTD

$3,679,016

$2,930,468

            Active Listings

391

370

            Median Price

$2,450,000

$2,698,000

 

 

 

North Vancouver – November 2016

 

 

            Sales

61

102

            Sales YTD

1,194

1,403

            Avg. Price YTD

$1,803,849

$1,431,788

            Active Listings

272

132

            Median Price

$1,485,000

$1,490,000

 

 

 

 

 

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