Here are the latest real estate market statistics from Macdonald Realty on North Shore listings and sales in December 2017.
In December, the North Vancouver market had 70 sales and 214 active listings for detached homes. The benchmark sale price was $1,679,700 with an average days on market of 35. Lynn Valley with 13 sales had the most sales activity.
There were 78 sales and 111 active listings for condos. The benchmark sale price was $560,600 with 22 average days on market. The neighbourhoods of Lower Lonsdale with 38 sales was the hottest sales market.
Townhome sales were 16, active listings were 48, the benchmark sale price was $982,800, and the average days on market were 36. Central Lonsdale with 5 sales had the most sales activity.
It’s a seller’s market for all product types.
The West Vancouver market had 30 sales and 388 active listings for detached homes. The benchmark sale price was $3,093,200 with 71 average days on market. British Properties with 6 sales was the neighbourhood with the most sales activity.
Condo sales were 10 and active listings were 53 at the end of the month. The benchmark sales price was $1,171,000 with an average days on market of 29. Dundarave had the most sales at 4.
In comparison, townhome market had 1 sales and 14 active listings.
It’s a buyer’s market for single family homes and townhomes.
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