Here are the latest real estate market statistics from Macdonald Realty on North Shore listings and sales in February 2017.
The West Vancouver market had 35 sales and 390 active listings for detached homes. The benchmark sale price was $2,936,500 with 51 average days on market. Caulfeild and Dundarave, with 6 sales each, were the neighbourhoods with the most sales activities.
Condo sales were 16 and active listings were 45 at the end of the month. The benchmark sales price was $936,000 with an average days on market of 41. Ambleside had the most sales in February at 6.
In comparison, townhome market had 3 sales and 13 active listings; the average days on market were 12.
It’s a buyer’s market for single family homes.
In February, the North Vancouver market had 88 sales and 258 active listings for detached homes. The benchmark sale price was $1,556,600 with an average days on market of 27. Upper Lonsdale with 13 sales had the most sales activity.
There were 96 sales and 130 active listings for condos. The benchmark sale price was $463,200 with 14 average days on market. The neighbourhood of Lower Lonsdale with 40 sales was the hottest sales market.
Townhome sales were 28, active listings were 30, the benchmark sale price was $854,000, and the average days on market were 19. Central Lonsdale and Hamilton, 4 sales each, had the most sales activity.
It’s a seller’s market for all product types.
Looking for more information about the real estate market in specific neighbourhoods in North Shore?
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.rebgvkv.org