Here are the latest real estate market statistics from Macdonald Realty on North Shore listings and sales in July 2017.
In June, the North Vancouver market had 81 sales and 344 active listings for detached homes. The benchmark sale price was $1,716,800 with an average days on market of 23. Canyon Heights NV and Lynn Valley with 10 sales had the most sales activity.
There were 79 sales and 136 active listings for condos. The benchmark sale price was $545,100 with 10 average days on market. The neighbourhoods of Lower Lonsdale with 27 sales was the hottest sales market.
Townhome sales were 37, active listings were 61, the benchmark sale price was $950,300, and the average days on market were 12. Central Lonsdale with 6 sales had the most sales activity.
It’s a seller’s market for condos and townhomes.
The West Vancouver market had 41 sales and 500 active listings for detached homes. The benchmark sale price was $3,180,000 with 64 average days on market. Ambleside with 6 sales was the neighbourhood with the most sales activity.
Condo sales were 11 and active listings were 56 at the end of the month. The benchmark sales price was $1,137,400 with an average days on market of 21. Ambleside had the most sales at 5.
In comparison, townhome market had 4 sales and 15 active listings; the average days on market were 14.
It’s a buyer’s market for single family homes.
Looking for more information about the real estate market in specific neighbourhoods in North 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