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North Shore Real Estate Update September 2012


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Blog by John Jennings | October 3rd, 2012


In West Vancouver, there were 43 sales in the month of September.  This represents a buyer’s market with a 22% sales to new listings ratio.  For September 2012, the sales to total active listings percentage was 7% and for September 2011, it was 15%.  Sales for September 2012 were down by 28 units compared to September 2011.  The West Vancouver listing inventory has increased by 38 homes compared to August 2012 and increased by 83 homes compared to September 2011.  The average price year to date (YTD) is up 9% compared to September 2011 and up by $3,490 compared to August 2012.  The West Vancouver median price decreased by $98,000 from August 2012 to September 2012 ($1,898,000 to $1,800,000). 

In North Vancouver, there were 44 sales in the month of September.  This represents a buyer’s market with a 19% sales to new listings ratio.  For September 2012, the sales to total active listings percentage was 9% and for September 2011, it was 22%.  Sales for September 2012 were down by 35 units compared to September 2011.  The North Vancouver listing inventory has increased by 85 homes compared to August 2012 and increased by ­­­129 homes compared to September 2011.  The average price year to date (YTD) is up 6% compared to September 2011 and down by $6,359 compared to August 2012.  The North Vancouver median price decreased by $8,000 from August 2012 to September 2012 ($970,000 to $962,000). 

 

Detached Homes

2012

2011

 

 

 

West Vancouver

 

 

            Sales (September)

43

71

            Sales YTD (September)

497

969

            Avg. Price YTD (September)

$2,371,774

$2,171,776

            Active Listings (September)

569

486

            Median Price (September)

$1,800,000

$1,800,000

 

 

 

North Vancouver

 

 

            Sales (September)

44

79

            Sales YTD (September)

750

970

            Avg. Price YTD (September)

$1,097,125

$1,034,297

            Active Listings (September)

481

352

            Median Price (September)

$962,000

$949,000

 

 

 

 

Wishing you a wonderful Thanksgiving with family and friends!

 

John      

 

John Jennings

Prudential Sussex Realty-John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com

Twitter: @johnjenningswv

Facebook: www.facebook.com/westvancouverrealestate