Blog by Ann Hickey

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December 2018 - Market News

Source: Real Estate Board of Greater Vancouver

North Vancouver

 

 NOVEMBER 2018

NOVEMBER 2017

- % Increase -

Gross Sales

$ 69,151,632

$ 155,744,506

-49%

Units Listed

100

136

-26%

Units Sold

40

76

-47%

Sold- Year to Date

633

978

-35%

Avg Price/Unit

$ 1,728,790

$ 1,817,145

-4%

Active Listings

397

333

19%

 

Benchmark Price

$ 1,569,100

$ 1,697,600

-7.6%

Price Index (HPI)

245.4

265.5

-7.6%



West Vancouver

 

NOVEMBER 2018

NOVEMBER 2017

- % Increase -

Gross Sales

$ 79,129,888

$ 144,501,000

-45%

Units Listed

98

123

-20%

Units Sold

25

37

-32%

Sold- Year to Date

313

479

-34%

Avg Price/Unit

$ 3,165,195

$ 3,905,432

-18%

Active Listings

521

511

1%

 

Benchmark Price

$ 2,738,300

$ 3,146,100

-13.0%

Price Index (HPI)

258.5

297.0

-13.0%



Vancouver West

 

NOVEMBER 2018

NOVEMBER 2017

- % Increase -

Gross Sales

$ 217,443,300

$ 306,894,554

-29%

Units Listed

134

149

-10%

Units Sold

61

83

-26%

Sold- Year to Date

672

1,022

-34%

Avg Price/Unit

$ 3,564,644

$ 3,697,524

-3%

Active Listings

740

738

0%

 

Benchmark Price

$ 3,205,500

$ 3,573,700

-10.3%

Price Index (HPI)

329.1

366.9

-10.3%


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.