Here are the latest real estate market statistics from Macdonald Realty on the North Shore listings and sales in April 2017.
The West Vancouver market had 66 sales and 432 active listings for detached homes. The benchmark sale price was $2,980,700 with 41 average days on market. British Properties, with 15 sales, was the neighbourhood with the most sales activities.
Condo sales were 22 and active listings were 48 at the end of the month. The benchmark sales price was $991,800 with an average days on market of 12. Ambleside had the most sales in April at 6.
In comparison, townhome market had 7 sales and 18 active listings; the average days on market were 9.
It’s a buyer’s market for single family homes.
In April, the North Vancouver market had 110 sales and 276 active listings for detached homes. The benchmark sale price was $1,599,300 with an average days on market of 30. Canyon Heights NV with 16 sales had the most sales activity.
There were 106 sales and 121 active listings for condos. The benchmark sale price was $489,700 with 14 average days on market. The neighbourhood of Lower Lonsdale with 34 sales was the hottest sales market.
Townhome sales were 32, active listings were 39, the benchmark sale price was $887,800, and the average days on market were 13. Central Lonsdale with 11 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.rebgvkv.org