Blog by Ann Hickey

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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.

 If you are thinking of buying or selling your home give me a call, I’d love to help.

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.

Ann Hickey
604 220-6249