Here are the latest real estate market statistics from Macdonald Realty on North Shore listings and sales in March 2017.
The West Vancouver market had 60 sales and 405 active listings for detached homes. The benchmark sale price was $2,961,800 with 47 average days on market. Ambleside and British Properties, with 8 sales each, were the neighbourhoods with the most sales activities.
Condo sales were 28 and active listings were 40 at the end of the month. The benchmark sales price was $963,900 with an average days on market of 29. Ambleside had the most sales in March at 10.
In comparison, townhome market had 3 sales and 18 active listings; the average days on market were 23.
It’s a seller’s market for condos and townhomes.
In March, the North Vancouver market had 98 sales and 266 active listings for detached homes. The benchmark sale price was $1,575,500 with an average days on market of 21. Lynn Valley with 13 sales had the most sales activity.
There were 127 sales and 122 active listings for condos. The benchmark sale price was $474,000 with 18 average days on market. The neighbourhood of Lower Lonsdale with 37 sales was the hottest sales market.
Townhome sales were 28, active listings were 33, the benchmark sale price was $866,100, and the average days on market were 13. Central Lonsdale with 8 sales 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 West Vancouver?
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