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North Shore Real Estate Update


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Blog by John Jennings | March 4th, 2020


In West Vancouver, there were 45 sales in the month of February. The sales to new listings ratio was 45% which represents a balanced market. For February 2020, the sales to total active listings percentage was 12%, which is an increase from the 5% from February 2019. Sales for February 2020 were up by 20 units compared to February 2019. 

The West Vancouver listing inventory has increased by 4 homes compared to January 2020. The average price year-to-date (YTD) is up by 4% compared to February 2019.  The West Vancouver median price increased by $15,000 from January 2020 to February 2020 ($2,285,000 to $2,300,000).

In North Vancouver, there were 71 sales in the month of February. The sales to new listings ratio was 57% which represents a seller’s market. For February 2020, the sales to total active listings percentage was 30%, an increase from 11% in February 2019. Sales for February 2020 were up by 34 units compared to February 2019. 

The North Vancouver listing inventory has increased by 16 homes compared to January 2020. The average price year-to-date (YTD) is up 7% compared to February 2019. The North Vancouver median price decreased by $36,667 from January 2020 to February 2020 ($1,666,667 to $1,630,000). 

Detached Homes

2020

2019

 

 

 

West Vancouver – February

 

 

            Sales

45

25

            Sales YTD

66

43

            Avg. Price YTD

$2,791,599

$2,659,972

            Active Listings

379

466

            Median Price

$2,300,000

$2,025,000

 

 

 

North Vancouver – February

 

 

            Sales

71

37

            Sales YTD

95

72

            Avg. Price YTD

$1,849,177

$1,720,660

            Active Listings

241

347

            Median Price

$1,630,000

$1,435,000

 

 

 

 

Thanks!          

John      

John Jennings

Royal LePage Sussex-John Jennings

604-790-1900

john@johnjennings.com

johnjennings.com

Twitter: @johnjenningswv

Facebook: www.facebook.com/westvancouverrealestate