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North Shore Real Estate Update


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Blog by John Jennings | May 13th, 2020


In West Vancouver, there were 22 sales in the month of April. The sales to new listings ratio was 37% which represents a balanced market. For April 2020, the sales to total active listings percentage was 6%, a decrease from 7% in April 2019. Sales for April 2020 were down by 16 units compared to April 2019. 

The West Vancouver listing inventory has decreased by 26 homes compared to March 2020. The average price year-to-date (YTD) is down by 6% compared to April 2019.  The West Vancouver median price increased by $390,000 from March 2020 to April 2020 ($2,460,000 to 2,850,000).

In North Vancouver, there were 38 sales in the month of April. The sales to new listings ratio was 49% which represents a balanced market. For April 2020, the sales to total active listings percentage was 15%, an increase from 12% in April 2019. Sales for April 2020 were down by 15 units compared to April 2019. 

The North Vancouver listing inventory has decreased by 3 homes compared to March 2020. The average price year-to-date (YTD) is up 1% compared to April 2019. The North Vancouver median price decreased by $130,000 from March 2020 to April 2020 ($1,630,000 to $1,500,000).  

Detached Homes

2020

2019

 

 

 

West Vancouver – April

 

 

            Sales

22

38

            Sales YTD

129

104

            Avg. Price YTD

$2,804,418

$2,995,753

            Active Listings

360

528

            Median Price

$2,850,000

$2,650,000

 

 

 

North Vancouver – April

 

 

            Sales

38

53

            Sales YTD

202

195

            Avg. Price YTD

$1,795,894

$1,773,040

            Active Listings

248

426

            Median Price

$1,500,000

$1,680,000

 

 

 

 

Prepared by:     

John Jennings
Royal LePage Sussex-John Jennings
604-790-1900
john@johnjennings.com