Here are the latest real estate market statistics from Macdonald Realty on North Shore listings and sales in November 2016.
In December, the North Vancouver market had 48 sales and 179 active listings for detached homes. The benchmark sale price was $1,578,000 with an average days on market of 41. Lynn Valley with 9 sales had the most sales activity.
There were 73 sales and 89 active listings for condos. The benchmark sale price was $452,600 with 25 average days on market. The neighbourhood of Lower Lonsdale with 34 sales was the hottest sales market.
Townhome sales were 15, active listings were 26, the benchmark sale price was $831,400, and the average days on market were 25. Lower Lonsdale and Hamilton, 3 sales each, had the most sales activity.
It’s a seller’s market for all product types in North Vancouver.
The West Vancouver market had 31 sales and 278 active listings for detached homes. The benchmark sale price was $2,948,200 with 48 average days on market. Ambleside with 7 sales was the neighbourhood with the most sales activity.
Condo sales were 11 and active listings were 48 at the end of the month. The benchmark sales price was $912,700 with an average days on market of 38. Ambleside had the most sales in November at 7.
In comparison, townhome market had 2 sales and 8 active listings; the average days on market were 48.
It’s a buyer’s market for single family homes.
Looking for more information about the real estate market in specific neighbourhoods in North Shore?
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.rebgv.org