North Shore Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on North Vancouver and West Vancouver listings and sales in January 2017.

West Vancouver

The West Vancouver market had 21 sales and 368 active listings for detached homes. The benchmark sale price was $2,907,100 with 68 average days on market. Lions Bay with 6 sales was the neighbourhood with the most sales activity.

Condo sales were 13 and active listings were 46 at the end of the month. The benchmark sales price was $915,800 with an average days on market of 38. Ambleside had the most sales in January at 4.

In comparison, townhome market had 2 sales and 10 active listings; the average days on market were 11.

It’s a buyer’s market for single family homes.

MarketHotSheet_January2017_WestVan

North Vancouver

In January, the North Vancouver market had 35 sales and 243 active listings for detached homes. The benchmark sale price was $1,564,200 with an average days on market of 39. Upper Lonsdale with 6 sales had the most sales activity.

There were 60 sales and 130 active listings for condos. The benchmark sale price was $455,300 with 26 average days on market. The neighbourhood of Lower Lonsdale with 26 sales was the hottest sales market.

Townhome sales were 11, active listings were 36, the benchmark sale price was $831,000, and the average days on market were 45. Indian River, Lower Lonsdale and Upper Lonsdale, 2 sales each, had the most sales activity.

It’s a buyer’s market for single family homes.

MarketHotSheet_January2017_NorthVan

Looking for more information about the real estate market in specific neighbourhoods in the North Shore

Macdonald Realty has offices in West Vancouver and North Vancouver.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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MLS® Home Price Index (HPI) Benchmark Price

Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org