Here are the latest real estate market statistics from Macdonald Realty on the North Shore listings and sales in July 2017.
The West Vancouver market had 30 sales and 501 active listings for detached homes. The benchmark sale price was $3,189,500 with 40 average days on market. British Properties with 5 sales was the neighbourhood with the most sales activity.
Condo sales were 19 and active listings were 47 at the end of the month. The benchmark sales price was $1,128,000 with an average days on market of 36. Ambleside had the most sales at 11.
In comparison, townhome market had 0 sales and 13 active listings.
It’s a buyer’s market for single family homes and townhouses.
In August, the North Vancouver market had 75 sales and 306 active listings for detached homes. The benchmark sale price was $1,711,100 with an average days on market of 31. Upper Lonsdale with 8 sales had the most sales activity.
There were 112 sales and 106 active listings for condos. The benchmark sale price was $551,000 with 17 average days on market. The neighbourhoods of Lower Lonsdale with 39 sales was the hottest sales market.
Townhome sales were 26, active listings were 49, the benchmark sale price was $968,400, and the average days on market were 15. Central Lonsdale, Hamilton Heights, Lower Lonsdale, and Lynn Valley, with 4 sales each, had the most sales activities.
It’s a seller’s market for condos and townhomes.
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