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NORTH SHORE REAL ESTATE UPDATE SEPTEMBER 2015


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Blog by John Jennings | October 7th, 2015


In West Vancouver, there were 67 sales in the month of September. This represents a buyer’s market with a 33% sales to new listings ratio. For September 2015 the sales to total active listings percentage was 14%, a decrease from 15% in September 2014. Sales for September 2015 were down by 13 units compared to September 2014. 

The West Vancouver listing inventory has increased by 42 homes compared to August 2015 and decreased by 24 homes compared to September 2014. The average price year to date (YTD) is up 13% compared to September 2014 and is up by $17,690 compared to August 2015. The West Vancouver median price increased by $80,000 from August 2015 to September 2015 ($2,500,000 to $2,580,000). 

 

In North Vancouver, there were 107 sales in the month of September. This represents a seller’s market with a 55% sales to new listings ratio. For September 2015 the sales to total active listings percentage was 50%, an increase from 29% in September 2014. Sales for September 2015 were up by 15 units compared to September 2014. 

The North Vancouver listing inventory has increased by 49 homes compared to August 2015 and decreased by 103 homes compared to September, 2014. The average price year to date (YTD) is up 19% compared to September 2014 and is up by $11,870 compared to August 2015. The North Vancouver median price increased by $14,500 from August 2015 to September 2015 ($1,338,000 to $1,352,500). 

 

Detached Homes

2015

2014

 

 

 

West Vancouver – September, 2015

 

 

            Sales

67

80

            Sales YTD

805

641

            Avg. Price YTD

$2,853,065

$2,505,963

            Active Listings

495

519

            Median Price

$2,580,000

$2,110,000

 

 

 

North Vancouver – September, 2015

 

 

            Sales

107

92

            Sales YTD

1,171

1,006

            Avg. Price YTD

$1,399,497

$1,173,270

            Active Listings

214

317

            Median Price

$1,352,500

$1,080,000

 

 

 

 

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