Blog by Ann Hickey

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October 2018 - Market News

Source: Real Estate Board of Greater Vancouver

 

Residential Detached Statistics for

 

North Vancouver

 

 SEPTEMBER 2018

SEPTEMBER 2017

- % Increase -

Gross Sales

$ 75,386,721

$ 132,652,464

-43%

Units Listed

240

230

4%

Units Sold

41

74

-44%

Sold- Year to Date

525

821

-36%

Avg Price/Unit

$ 1,838,700

$ 1,792,600

2%

Active Listings

469

352

33%

 

Benchmark Price

$ 1,620,300

$ 1,713,000

-5.4%

Price Index (HPI)

253.4

267.9

-5.4%

 

West Vancouver

 

SEPTEMBER 2018

SEPTEMBER 2017

- % Increase -

Gross Sales

$ 93,420,500

$ 125,768,571

-25%

Units Listed

162

221

-26%

Units Sold

25

35

-28%

Sold- Year to Date

252

413

-38%

Avg Price/Unit

$ 3,736,820

$ 3,593,387

3%

Active Listings

575

427

9%

 

Benchmark Price

$ 2,777,500

$ 3,136,600

-11.4%

Price Index (HPI)

262.2

296.1

-11.4%

 

Vancouver West

 

SEPTEMBER 2018

SEPTEMBER 2017

- % Increase -

Gross Sales

$ 121,313,936

$ 301,850,665

-59%

Units Listed

211

327

-35%

Units Sold

38

73

-47%

Sold- Year to Date

545

831

-34%

Avg Price/Unit

$ 3,192,472

$ 4,134,940

-22%

Active Listings

797

836

-4%

 

Benchmark Price

$ 3,254,200

$ 3,653,500

-10.9%

Price Index (HPI)

334.1

375.1

-10.9%



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.