In West Vancouver, there were 74 sales in the month of October. The sales to new listings ratio was 52% which represents a seller’s market. For October 2020, the sales to total active listings percentage was 17%, an increase from 9% in October 2019. Sales for October 2020 were up by 28 units compared to October 2019.
The West Vancouver listing inventory has decreased by 11 homes compared to September 2020. The average price year-to-date (YTD) is up by 6% compared to October 2019. The West Vancouver median price increased by $275,000 from September 2020 to October 2020 ($2,525,000 to $2,800,000).
In North Vancouver, there were 128 sales in the month of October. The sales to new listings ratio was 87% which represents a strong seller’s market. For October 2020, the sales to total active listings percentage was 50%, an increase from 27% in October 2019. Sales for October 2020 were up by 39 units compared to October 2019.
The North Vancouver listing inventory has decreased by 28 homes compared to September 2020. The average price year-to-date (YTD) is up 8% compared to October 2019. The North Vancouver median price increased by $11,781 from September 2020 to October 2020 ($1,743,219 to $1,755,000).
| Detached Homes | 2020 | 2019 |
| West Vancouver – October | ||
| Sales | 74 | 46 |
| Sales YTD | 440 | 354 |
| Avg. Price YTD | $3,037,215 | $2,858,293 |
| Active Listings | 424 | 499 |
| Median Price | $2,800,000 | $2,224,000 |
| North Vancouver – October | ||
| Sales | 128 | 89 |
| Sales YTD | 802 | 670 |
| Avg. Price YTD | $1,852,505 | $1,706,003 |
| Active Listings | 251 | 327 |
| Median Price | $1,755,000 | $1,530,000 |
Prepared by:
John Jennings
[email protected]