Blog by Ann Hickey

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August 2018 - Market News

Source: Real Estate Board of Greater Vancouver

 

Residential Detached Statistics for

 

North Vancouver

 

 JULY 2018

JULY 2017

- % Increase -

Gross Sales

$ 88,511,800

$ 161,071,593

-45%

Units Listed

130

163

-20%

Units Sold

51

81

-37%

Sold- Year to Date

453

672

-32%

Avg Price/Unit

$ 1,735,525

$ 1,988,538

-12%

Active Listings

425

322

31%

 

Benchmark Price

$ 1,675,200

$ 1,716,800

-2.4%

Price Index (HPI)

262.0

268.5

-2.4%

 

West Vancouver

 

JULY 2018

JULY 2017

- % Increase -

Gross Sales

$ 98,611,000

$ 126,176,550

-21%

Units Listed

144

150

-24%

Units Sold

32

41

-21%

Sold- Year to Date

200

348

-42%

Avg Price/Unit

$ 3,081,593

$ 3,077,476

0%

Active Listings

576

488

18%

 

Benchmark Price

$ 2,916,300

$ 3,180,000

-8.3%

Price Index (HPI)

275.3

300.2

-8.3%

 

Vancouver West

 

JULY 2018

JULY 2017

- % Increase -

Gross Sales

$ 186,158,505

$ 330,075,850

-43%

Units Listed

184

239

-23%

Units Sold

58

74

-21%

Sold- Year to Date

499

706

-36%

Avg Price/Unit

$ 3,209,629

$ 4,460,484

-28%

Active Listings

804

731

9%

 

Benchmark Price

$ 3,356,500

$ 3,666,200

-8.4%

Price Index (HPI)

344.6

376.4

-8.4%



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.