Here are the latest real estate market statistics from Macdonald Realty on the North Shore listings and sales in September 2017.
The West Vancouver market had 35 sales and 551 active listings for detached homes. The benchmark sale price was $3,136,600 with 57 average days on market. Ambleside and Eagle Harbour with 5 sales each were the neighbourhoods with the most sales activities.
Condo sales were 17 and active listings were 54 at the end of the month. The benchmark sales price was $1,153,700 with an average days on market of 49. Ambleside had the most sales at 8.
In comparison, townhome market had 4 sales and 18 active listings.
It’s a buyer’s market for single family homes.
In September, the North Vancouver market had 74 sales and 376 active listings for detached homes. The benchmark sale price was $1,713,000 with an average days on market of 30. Lynn Valley with 13 sales had the most sales activity.
There were 108 sales and 156 active listings for condos. The benchmark sale price was $553,500 with 14 average days on market. The neighbourhoods of Lower Lonsdale with 31 sales was the hottest sales market.
Townhome sales were 23, active listings were 52, the benchmark sale price was $964,700, and the average days on market were 19. Edgemont with 3 sales had the most sales activity.
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.or