Here are the latest real estate market statistics from Macdonald Realty on the North Shore listings and sales in November 2017.
The West Vancouver market had 37 sales and 541 active listings for detached homes. The benchmark sale price was $3,146,100 with 37 average days on market. British Properties with 7 sales was the neighbourhood with the most sales activity.
Condo sales were 13 and active listings were 64 at the end of the month. The benchmark sales price was $1,154,700 with an average days on market of 17. Ambleside had the most sales at 4.
In comparison, townhome market had 3 sales and 16 active listings.
It’s a buyer’s market for single family homes.
In November, the North Vancouver market had 76 sales and 357 active listings for detached homes. The benchmark sale price was $1,697,600 with an average days on market of 24. Lynn Valley with 10 sales had the most sales activity.
There were 136 sales and 168 active listings for condos. The benchmark sale price was $566,500 with 19 average days on market. The neighbourhoods of Lower Lonsdale with 45 sales was the hottest sales market.
Townhome sales were 32, active listings were 56, the benchmark sale price was $983,600, and the average days on market were 12. Lynn Valley with 7 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