<<< back to article list

Newsletter - North Shore Real Estate Update


  • +1

Blog by John Jennings | January 15th, 2020


In West Vancouver, there were 28 sales in the month of December. The sales to new listings ratio was 93% which represents a strong seller’s market. For December 2019, the sales to total active listings percentage was 8%, which is an increase from the 3% from December 2018. Sales for December 2019 were up by 13 units compared to December 2018. 

 

The West Vancouver listing inventory has decreased by 80 homes compared to November 2019. The average price year-to-date (YTD) is down by 10% compared to December 2018.  The West Vancouver median price remained the same from November 2019 to December 2019 ($2,400,000 to $2,400,000).

 

In North Vancouver, there were 56 sales in the month of December. The sales to new listings ratio was 147% which represents a strong seller’s market. For December 2019, the sales to total active listings percentage was 29%, an increase from 14% in December 2018. Sales for December 2019 were up by 15 units compared to December 2018. 

 

The North Vancouver listing inventory has decreased by 72 homes compared to November 2019. The average price year-to-date (YTD) is down 7% compared to December 2018. The North Vancouver median price increased by $40,000 from November 2019 to December 2019 ($1,580,000 to $1,620,000). 

 

Detached Homes

2019

2018

 

 

 

West Vancouver – December

 

 

            Sales

28

15

            Sales YTD

434

328

            Avg. Price YTD

$2,909,774

$3,254,259

            Active Listings

362

438

            Median Price

$2,400,000

$2,890,000

 

 

 

North Vancouver – December

 

 

            Sales

56

41

            Sales YTD

804

674

            Avg. Price YTD

$1,712,835

$1,859,889

            Active Listings

194

291

            Median Price

$1,620,000

$1,650,000

 

 

 

 

John Jennings
Royal LePage Sussex-John Jennings
604-790-1900
john@johnjennings.com
johnjennings.com
Twitter: @johnjenningswv
Facebook: www.facebook.com/westvancouverrealestate