Here are the latest real estate market statistics from Macdonald Realty on the North Shore listings and sales in June 2017.
The West Vancouver market had 64 sales and 490 active listings for detached homes. The benchmark sale price was $3,127,100 with 38 average days on market. Eagle Harbour with 8 sales was the neighbourhood with the most sales activity.
Condo sales were 21 and active listings were 54 at the end of the month. The benchmark sales price was $1,168,000 with an average days on market of 18. Ambleside had the most sales at 8.
In comparison, townhome market had 5 sales and 21 active listings; the average days on market were 43.
It’s a buyer’s market for single family homes.
In June, the North Vancouver market had 122 sales and 333 active listings for detached homes. The benchmark sale price was $1,690,600 with an average days on market of 24. Lynn Valley with 17 sales had the most sales activity.
There were 127 sales and 100 active listings for condos. The benchmark sale price was $528,200 with 12 average days on market. The neighbourhoods of Central Lonsdale and Lower Lonsdale with 38 sales each were the hottest sales markets.
Townhome sales were 41, active listings were 52, the benchmark sale price was $938,300, and the average days on market were 11. Lynn Valley with 10 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