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North Shore Real Estate Update September 2018


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Blog by John Jennings | October 3rd, 2018


NORTH SHORE REAL ESTATE UPDATE SEPTEMBER 2018

In West Vancouver, there were 25 sales in the month of September. The sales to new listings ratio was 15% which represents a buyer’s market. For September 2018, the sales to total active listings percentage was 4.3%, a decrease from 6.7% in September 2017. Sales for September 2018 were down by 10 units compared to September 2017. 

The West Vancouver listing inventory has increased by 48 homes compared to September 2017. The average price year-to-date (YTD) is down by 10% compared to September 2017. The West Vancouver median price decreased by $465,000 from July 2018 to September 2018 ($3,165,000 to $2,700,000). 

In North Vancouver, there were 41 sales in the month of September. The sales to new listings ratio was 17% which represents a buyer’s market. For September 2018, the sales to total active listings percentage was 9%, a decrease from 21% in September 2017. Sales for September 2018 were down by 33 units compared to September 2017. 

The North Vancouver listing inventory has increased by 117 homes compared to September 2017. The average price year-to-date (YTD) is down 2% compared to September 2017. The North Vancouver median price decreased by $80,000 from July 2018 to September 2018 ($1,715,000 to $1,635,000). 

Detached Homes

2018

2017

 

 

 

West Vancouver – September 2018

 

 

            Sales

25

35

            Sales YTD

252

413

            Avg. Price YTD

$3,231,749

$3,602,930

            Active Listings

575

527

            Median Price

$2,700,000

$3,165,000

 

 

 

North Vancouver – September 2018

 

 

            Sales

41

74

            Sales YTD

525

821

            Avg. Price YTD

$1,870,515

$1,915,429

            Active Listings

469

352

            Median Price

$1,635,000

$1,715,000

 

 

 

Thanks!         

John Jennings

Royal LePage Sussex-John Jennings