In West Vancouver, there were 29 sales in the month of January. The sales to new listings ratio was 21% which represents a buyer’s market. For January 2021, the sales to total active listings percentage was 9%, an increase from 6% in January 2020. Sales for January 2021 were up by 8 units compared to January 2020.
The West Vancouver listing inventory has increased by 19 homes compared to December 2020. The average price year-to-date (YTD) is up by 21% compared to January 2020. The West Vancouver median price increased by $250,000 from December 2020 to January 2021 ($2,780,000 to $3,030,000).
In North Vancouver, there were 45 sales in the month of January. The sales to new listings ratio was 51% which represents a seller’s market. For January 2021, the sales to total active listings percentage was 35%, an increase from 11% in January 2020. Sales for January 2021 were up by 21 units compared to January 2020.
The North Vancouver listing inventory has decreased by 2 homes compared to December 2020. The average price year-to-date (YTD) was marginally lower compared to January 2020. The North Vancouver median price increased by $63,000 from December 2020 to January 2021 ($1,725,000 to $1,788,000).
| Detached Homes | 2021 | 2020 |
| West Vancouver – January | ||
| Sales | 29 | 21 |
| Sales YTD | 29 | 21 |
| Avg. Price YTD | $3,983,544 | $3,269,333 |
| Active Listings | 317 | 375 |
| Median Price | $3,030,000 | $2,285,000 |
| North Vancouver – January | ||
| Sales | 45 | 24 |
| Sales YTD | 45 | 24 |
| Avg. Price YTD | $2,144,851 | $2,156,916 |
| Active Listings | 129 | 225 |
| Median Price | $1,788,000 | $1,666,667 |
Prepared by:
John Jennings
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