Blog by Ann Hickey

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January 2019 - Market News

Source: Real Estate Board of Greater Vancouver

Residential Detached Statistics for


North Vancouver

 

 DECEMBER 2018

DECEMBER 2017

- % Increase -

Gross Sales

$ 82,442,014

$ 137,957,579

-40%

Units Listed

33

47

-29%

Units Sold

41

70

-41%

Sold- Year to Date

674

1,048

-35%

Avg Price/Unit

$ 2,010,780

$ 1,970,822

2%

Active Listings

291

210

38%

 

Benchmark Price

$ 1,542,200

$ 1,679,700

-8.2%

Price Index (HPI)

241.2

262.7

-8.2%

West Vancouver

 

DECEMBER 2018

DECEMBER 2017

- % Increase -

Gross Sales

$ 60,083,333

$ 122,308,388

-50%

Units Listed

47

35

34%

Units Sold

15

30

-50%

Sold- Year to Date

328

509

-29%

Avg Price/Unit

$ 4,005,555

$ 4,076,946

-1%

Active Listings

438

405

8%

Benchmark Price

$ 2,674,700

$ 3,093,200

-13.5%

Price Index (HPI)

252.5

292.0

-13.5%

 

Vancouver West

 

DECEMBER 2018

DECEMBER 2017

- % Increase -

Gross Sales

$ 100,351,871

$ 126,193,288

-20%

Units Listed

71

72

-1%

Units Sold

33

36

-8%

Sold- Year to Date

705

1,058

-23%

Avg Price/Unit

$ 3,040,965

$ 3,505,369

-13%

Active Listings

652

616

5%

 

Benchmark Price

$ 3,135,400

$ 3,556,100

-11.8%

Price Index (HPI)

321.9

365.1

-11.8%


                                                                                                                                   

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.