Here are the latest real estate market statistics from Macdonald Realty on the North Shore listings and sales in October 2017.
The West Vancouver market had 29 sales and 552 active listings for detached homes. The benchmark sale price was $3,095,300 with 37 average days on market. Ambleside with 6 sales was the neighbourhood with the most sales activity.
Condo sales were 8 and active listings were 59 at the end of the month. The benchmark sales price was $1,163,100 with an average days on market of 40. Ambleside had the most sales at 4.
In comparison, townhome market had 6 sales and 15 active listings.
It’s a buyer’s market for single family homes and condos.
In October, the North Vancouver market had 81 sales and 367 active listings for detached homes. The benchmark sale price was $1,700,200 with an average days on market of 26. Lynn Valley with 15 sales had the most sales activity.
There were 125 sales and 167 active listings for condos. The benchmark sale price was $556,900 with 18 average days on market. The neighbourhoods of Lower Lonsdale with 42 sales was the hottest sales market.
Townhome sales were 37, active listings were 52, the benchmark sale price was $977,000, and the average days on market were 26. Lynn Valley with 6 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.org