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North Shore Real Estate Update


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Blog by John Jennings | September 2nd, 2020


In West Vancouver, there were 49 sales in the month of August. The sales to new listings ratio was 34% which represents a buyer’s market. For August 2020, the sales to total active listings percentage was 11%, an increase from 8% in August 2019. Sales for August 2020 were up by 9 units compared to August 2019. 

The West Vancouver listing inventory has increased by 28 homes compared to July 2020. The average price year-to-date (YTD) is up by 2% compared to August 2019.  The West Vancouver median price increased by $275,000 from July 2020 to August 2020 ($2,375,000 to $2,650,000).

In North Vancouver, there were 103 sales in the month of August. The sales to new listings ratio was 64% which represents a seller’s market. For August 2020, the sales to total active listings percentage was 35%, an increase from 19% in August 2019. Sales for August 2020 were up by 39 units compared to August 2019. 

The North Vancouver listing inventory has decreased by 3 homes compared to July 2020. The average price year-to-date (YTD) is up 8% compared to August 2019. The North Vancouver median price increased by $4,000 from July 2020 to August 2020 ($1,706,000 to $1,710,000).  

Detached Homes

2020

2019

 

 

West Vancouver – August

 

 

            Sales

49

40

            Sales YTD

302

273

            Avg. Price YTD

$2,981,562

$2,911,240

            Active Listings

442

489

            Median Price

$2,650,000

$2,485,000


 

 

North Vancouver – August

 

 

            Sales

103

64

            Sales YTD

541

522

            Avg. Price YTD

$1,847,586

$1,705,430

            Active Listings

291

340

            Median Price

$1,710,000

$1,495,000

 

 

 

 

Prepared by:

john@johnjennings.com