In West Vancouver, there was 13 months of inventory (MOI), down from 14 months in March. The West Van market continues to be in buyer’s market territory based on MOI. The sales-to-new-listings ratio came in at 21%, which indicates a buyer’s market. In North Vancouver, the MOI decreased, reaching 5.7 months of inventory compared to…
John Jennings, Royal LePage Sussex- John Jennings, just released his North Shore stats report for February! In West Vancouver, there was 19 months of inventory (MOI), down from 26 months in January. The West Van market continues to be in buyer’s market territory based on MOI. The sales-to-new-listings ratio came in at 20%, which indicates…
John Jennings, Royal LePage Sussex-John Jennings, just released his monthly Market Update! He reports in West Vancouver, there was 24 months of inventory (MOI). This represents a buyer’s market based on MOI. In December there was 15 months of inventory. The sales to new listings percentage was 12%, which represents a buyer’s market. In North…
Confused about the local housing market? Take a glance at the visual for West Vancouver house market activity the past couple of years; the trend of sales, new listings, inventory, Sales to Active Listings Ratio, Sales to New Listings Ratio and the House Price Index! Metrics used in real estate: Months of Inventory…
In West Vancouver, there was 10.3 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 10.4 months of inventory. The sales to new listings percentage was 21%, which represents a buyer’s market. In North Vancouver, there was 3.6 months of inventory. This represents a seller’s market based on…
In West Vancouver, there was 10.4 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 9.4 months of inventory. The sales to new listings percentage was 28%, which represents a buyer’s market. The first quarter of 2024 had 92 sales compared to the first quarter of 2023 which…
In West Vancouver, there was 14.8 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 13 months of inventory. The sales to new listings percentage was 17%, which represents a buyer’s market. In North Vancouver, there was 4.9 months of inventory. This represents a balanced market based on…
There is nothing typical about our real estate market since the start of the Covid 19 pandemic. 2023 first three months sales are down by quite a bit relative to 2021 and 2022 unusually strong market years. North Vancouver sales down 43% and 54% respectively from 2022 and 2021 Q1’s. West Vancouver down 37% and…
In West Vancouver, there were 8.2 months of inventory (MOI). This represents a buyer’s market based on MOI. The sales to new listings percentage was 39%, which represents a balanced market. In North Vancouver, there were 2.6 months of inventory. This represents a seller’s market based on MOI. The sales to new listings percentage was…
In real estate months of inventory, MOI, is defined as the amount of time (or months) it would take for all current MLS® listings to sell given that no new listings enter the market. MOI is calculated by dividing the total number of homes for sale by the total number of homes sold for a…
