July 2017 - Market News
Market Stats: Residential Detached
June 2017 Stats
The real estate news cycle is definitely focusing on the condo and townhouses sector but detached homes were quite steady in June. With talk of a foreseeable increase in interest rates and the change in government, many are waiting to see what, if anything will be affected. Below is a snapshot of North Vancouver, West Vancouver and Vancouver West detached home stats for the past three years (June). Totals are stable with the only noticeable change being in sold year to date figures.
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Source: Real Estate Board of Greater Vancouver
North Vancouver
|
|
June 2017 |
June 2016 |
June 2015 |
|
Units Listed |
207 |
205 |
194 |
|
Sold Year to Date |
591 |
858 |
853 |
|
Avg Price/Unit |
$1,858,807 |
$1,882,197 |
$1,360,620 |
|
Benchmark Price |
$1,690,600 |
$1,664,100 |
$1,176,600 |
|
Price Index (HPI) |
264.4 |
264.9 |
187.3 |
West Vancouver
|
|
June 2017 |
June 2016 |
June 2015 |
|
Units Listed |
174 |
165 |
216 |
|
Sold Year to Date |
307 |
658 |
575 |
|
Avg Price/Unit |
$3,414,007 |
$3,636,829 |
$2,975,498 |
|
Benchmark Price |
$3,127,100 |
$3,261,800 |
$2,320,400 |
|
Price Index (HPI) |
295.2 |
310.1 |
220.6 |
Vancouver West
|
|
June 2017 |
June 2016 |
June 2015 |
|
Units Listed |
341 |
328 |
287 |
|
Sold Year to Date |
632 |
1,152 |
1,142 |
|
Avg Price/Unit |
$4,041,357 |
$4,184,422 |
$3,392,401 |
|
Benchmark Price |
$3,627,200 |
$3,547,300 |
$2,599,700 |
|
Price Index (HPI) |
372.4 |
364.2 |
266.9 |
Benchmark Price: Estimated sale price of a typical property, based on a set of common qualities of homes within each market.
Price Index (HPI): Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past
sales.
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