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Newsletter - North Shore Real Estate Update


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Blog by John Jennings | February 5th, 2020


In West Vancouver, there were 21 sales in the month of January. The sales to new listings ratio was 15% which represents a buyer’s market. For January 2020, the sales to total active listings percentage was 6%, which is an increase from the 4% from January 2019. Sales for January 2020 were up by 3 units compared to January 2019. 

 

The West Vancouver listing inventory has increased by 13 homes compared to December 2019. The average price year-to-date (YTD) is up by 8% compared to January 2019.  The West Vancouver median price decreased by $115,000 from December 2019 to January 2020 ($2,400,000 to $2,285,000).

 

In North Vancouver, there were 24 sales in the month of January. The sales to new listings ratio was 18% which represents a buyer’s market. For January 2020, the sales to total active listings percentage was 11%, the same as the 11% in January 2019. Sales for January 2020 were down by 11 units compared to January 2019. 

 

The North Vancouver listing inventory has increased by 31 homes compared to December 2019. The average price year-to-date (YTD) is up 19% compared to January 2019. The North Vancouver median price increased by $46,667 from December 2019 to January 2020 ($1,620,000 to $1,666,667). 

 

Detached Homes

2020

2019

 

 

 

West Vancouver – January

 

 

            Sales

21

18

            Sales YTD

21

18

            Avg. Price YTD

$3,269,333

$3,008,333

            Active Listings

375

446

            Median Price

$2,285,000

$2,300,000

 

 

 

North Vancouver – January

 

 

            Sales

24

35

            Sales YTD

24

35

            Avg. Price YTD

$2,156,916

$1,806,773

            Active Listings

225

322

            Median Price

$1,666,667

$1,591,000

 

 

 

  

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