In West Vancouver, there were 45 sales in the month of February. The sales to new listings ratio was 45% which represents a balanced market. For February 2020, the sales to total active listings percentage was 12%, which is an increase from the 5% from February 2019. Sales for February 2020 were up by 20 units compared to February 2019.
The West Vancouver listing inventory has increased by 4 homes compared to January 2020. The average price year-to-date (YTD) is up by 4% compared to February 2019. The West Vancouver median price increased by $15,000 from January 2020 to February 2020 ($2,285,000 to $2,300,000).
In North Vancouver, there were 71 sales in the month of February. The sales to new listings ratio was 57% which represents a seller’s market. For February 2020, the sales to total active listings percentage was 30%, an increase from 11% in February 2019. Sales for February 2020 were up by 34 units compared to February 2019.
The North Vancouver listing inventory has increased by 16 homes compared to January 2020. The average price year-to-date (YTD) is up 7% compared to February 2019. The North Vancouver median price decreased by $36,667 from January 2020 to February 2020 ($1,666,667 to $1,630,000).
| Detached Homes |
2020 |
2019 |
| West Vancouver – February |
|
|
| Sales |
45 |
25 |
| Sales YTD |
66 |
43 |
| Avg. Price YTD |
$2,791,599 |
$2,659,972 |
| Active Listings |
379 |
466 |
| Median Price |
$2,300,000 |
$2,025,000 |
| North Vancouver – February | ||
| Sales |
71 |
37 |
| Sales YTD |
95 |
72 |
| Avg. Price YTD |
$1,849,177 |
$1,720,660 |
| Active Listings |
241 |
347 |
| Median Price |
$1,630,000 |
$1,435,000 |
Thanks!
John
John Jennings
Royal LePage Sussex-John Jennings
604-790-1900
Twitter: @johnjenningswv
Facebook: www.facebook.com/westvancouverrealestate