<<< back to article list

NORTH SHORE REAL ESTATE UPDATE October 2016


  • +1

Blog by John Jennings | November 2nd, 2016


In West Vancouver, there were 22 sales in the month of October. The sales to new listings ratio was 18% which represents a buyer’s market. For October 2016 the sales to total active listings percentage was 5%, a decrease from 27% in October 2015. Sales for October 2016 were down by 94 units compared to October 2015. 

 

The West Vancouver listing inventory has increased by 6 homes compared to September 2016 and increased by 6 homes compared to October 2015. The average price year-to-date (YTD) is up 27% compared to October 2015 and is down by $3,758 compared to September 2016. The West Vancouver median price increased by $445,000 from September 2016 to October 2016 ($2,680,000 to $3,125,000). 

 

In North Vancouver, there were 61 sales in the month of October. The sales to new listings ratio was 39% which represents a balanced market. For October 2016 the sales to total active listings percentage was 19%, a decrease from 83% in October 2015. Sales for October 2016 were down by 69 units compared to October 2015. 

 

The North Vancouver listing inventory has increased by 1 home compared to September 2016 and increased by 166 homes compared to October 2015. The average price year-to-date (YTD) is up 27% compared to October 2015 and is down by $6,799 compared to September 2016. The North Vancouver median price decreased by $5,000 from September 2016 to October 2016 ($1,555,000 to $1,550,000). 

 

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 – October 2016

 

 

            Sales

22

116

            Sales YTD

777

921

            Avg. Price YTD

$3,699,871

$2,913,222

            Active Listings

439

433

            Median Price

$3,125,000

$2,650,000

 

 

 

North Vancouver – October 2016

 

 

            Sales

61

130

            Sales YTD

1,133

1,301

            Avg. Price YTD

$1,810,700

$1,416,241

            Active Listings

322

156

            Median Price

$1,550,000

$1,443,000

 

 

 

 

 

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