Lynn Valley Real Estate Market Analysis – January 2016

January 2016 Sales Recap

The market in Lynn Valley started the year with another sizzling month for real estate sales.  To give you a little perspective, here is a comparative summary of the Lynn Valley market between January 2015 and January 2016:

Single Family Homes

  • The average sale price of a detached home in Lynn Valley has increased by 35.12% compared with January 2015
  • The total sales price of detached homes in Lynn Valley has increased by 12.6% compared with January  2015
  • The number of detached homes sold is fairly comparable with just 3 less homes being sold in January 2016 compared to January 2015.

Apartments and Townhouses

  • The average sale price of an attached home in Lynn Valley has decreased by 17.32% compared with January  2015
  • The total sales price of attached homes in Lynn Valley has decreased by 17.79% compared with January  2015
  • Exactly 8 attached homes were sold in both January 2015 and 2016.

Keep reading to find out more about the Lynn Valley market specifically for January 2016.

Single Family Homes:

  • There were 15 detached homes sold in January with an average sale price of $1,593,133 (median = $1,525,000).
  • The average sale price achieved was more than list price by 7.59%.
  • Detached homes that sold in January took an average of 16 days to sell (median = 7).

 

Capture Detached Sales Jan 2016

 Apartments and Townhouses:

  • There were 8 attached homes sold in January with an average sale price of $525,481  (median = $477,500).
  • The average sale price achieved was just above list price by 1.19%.
  • Attached homes that sold in January took an average of 18 days to sell (median = 9 days).

 Attached Sales Jan 2016

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Lynn Valley Real Estate Market Analysis -2015

2015 Sales 

December 2015 Sales Recap

The market in Lynn Valley ended the year with unprecedented highest average sales prices ever for detached homes sales in December. Keep reading to find out more.

 

Single Family Homes:

  • There were 10 detached homes sold in December with an average sale price of $1,557,695 (median = $1,464,500).
  • The average sale price achieved was more than list price by 10.6%.
  • Detached homes that sold in December took an average of 11 days to sell (median = 7).

 

Detached Chart Capture

 

Apartments and Townhouses:

  • There were 4 attached homes sold in December with an average sale price of $629,750  (median = $577,000).
  • The average sale price achieved was just less than list price by 2.46%.
  • Attached homes that sold in December took an average of 29 days to sell (median = 24 days).

 

Attached Chart Capture

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November 2015 Sales Recap

The market in Lynn Valley remained strong with 13 sales in December. Keep reading to find out more.

 

Single Family Homes:

  • There were 13 detached homes sold in November with an average sale price of $1,469,769 (median = $1,435,000).
  • The average sale price achieved was more than list price by 1.79%.
  • Detached homes that sold in November took an average of 35 days to sell (median = 8).

 

Detached Capture

 

Apartments and Townhouses:

  • There were 10 attached homes sold in November with an average sale price of $586,820  (median = $552,500).
  • The average sale price achieved was just more than list price by 0.95%.
  • Attached homes that sold in November took an average of 14 days to sell (median = 9 days).

Attached Capture

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October 2015 Sales Recap

Interested in what sold in Lynn Valley during the month of October? Keep reading to find out:

Single Family Homes:

  • There were 19 detached homes sold in October with an average sale price of $1,383,919 (median = $1,398,000).
  • The average sale price achieved was more than list price by 5.39%.
  • Detached homes that sold in October took an average of 18 days to sell (median = 8).

 Detached Chart

 

Apartments and Townhouses:

  • There were 4 attached homes sold in October with an average sale price of $589,250  (median = $552,500).
  • The average sale price achieved was just more than list price by 1.21%.
  • Attached homes that sold in October took an average of 150 days to sell (median = 52 days).

 Attached Chart

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September 2015 Sales Recap

Curious what sold in Lynn Valley during the month of September?  Keep reading …

Single Family Homes:

  • There were 22 detached homes sold in September with an average sale price of $1,399,191 (median = $1,318,000).
  • The average sale price achieved was more than list price by 6.13%.
  • Detached homes that sold in September took an average of 36 days to sell (median = 11).

 Detached chart

 

Apartments and Townhouses:

  • There were 7 attached homes sold in September with an average sale price of $572,671  (median = $494,900).
  • The average sale price achieved was just less than list price by 1.8%.
  • Attached homes that sold in September took an average of 41 days to sell (median = 28 days).

 Attached Chart

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August 2015 Sales Recap

Summer is coming to an end and homes are still being sold.  To find out how many homes sold in August keep reading!

Single Family Homes:

  • There were 16 detached homes sold in August with an average sale price of $1,170,937 (median = $1,200,000).
  • The average sale price achieved was more than list price by 6.13%.
  • Detached homes that sold in August took an average of 21 days to sell (median = 15).

 Detached chart

Apartments and Townhouses:

  • There were 6 attached homes sold in August with an average sale price of $531,960  (median = $489,950).
  • The average sale price achieved was just less than list price by 1.8%.
  • Attached homes that sold in August took an average of 34 days to sell (median = 28 days).

 Attached chart

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July 2015 Sales Recap

Hot, hot, hot and it’s not just the weather that’s simmering! Find out just how busy July was for Lynn Valley home sales below.

Single Family Homes:

  • There were 15 detached homes sold in July with an average sale price of $1,152,000 (median = $1,150,000).
  • The average sale price achieved was more than list price by 3.61%.
  • Detached homes that sold in July took an average of 33 days to sell (median = 15).

Detached chart

 

Apartments and Townhouses:

  • There were 13 attached homes sold in July with an average sale price of $488,766  (median = $446,900).
  • The average sale price achieved was just more than list price by 1.25%.
  • Attached homes that sold in July took an average of 33 days to sell (median = 32 days).

 Attached chart

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June 2015 Sales Recap

It’s been a hot summer so far! Find out just how busy June was for Lynn Valley home sales below.

Single Family Homes:

  • There were 36 detached homes sold in June with an average sale price of $1,215,530 (median = $1,165,000).
  • The average sale price achieved was more than list price by 1.87%.
  • Detached homes that sold in June took an average of 27 days to sell (median = 20).

June DET

Apartments and Townhouses:

  • There were 15 attached homes sold in June with an average sale price of $586,066  (median = $488,000).
  • The average sale price achieved was just more than list price by 0.55%.
  • Attached homes that sold in May took an average of 48 days to sell (median = 42 days).

June ATT

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May 2015 Sales Recap (details below)

Spring is in full swing, to find out just how busy May was for Lynn Valley home sales, keep reading!

Single Family Homes:

  • There were 28 detached homes sold in May with an average sale price of $1,254,154 (median = $1,262,000).
  • The average sale price achieved was more than list price by 2.92%.
  • Detached homes that sold in May took an average of 35 days to sell (median = 17).

 May_Detached

Apartments and Townhouses:

  • There were 10 attached homes sold in May with an average sale price of $551,390  (median = $538,500).
  • The average sale price achieved was just more than list price by 0.61%.
  • Attached homes that sold in May took an average of 23 days to sell (median = 11 days).

 May_Attached

DETAILED ANALYSIS… May brought the fifth straight month of strong sales and price appreciation to our local real estate market in Lynn Valley.  On average, houses continue to sell above asking, and are selling faster than they were a year ago.  The strong seller’s market that we witnessed emerging in early 2015 has continued through the spring and is expected to persist this summer as new listings fail to satisfy the strong demand for housing.

To put the strength of the current housing market in perspective, Lynn Valley detached home owners whose houses were worth the average $958,800 in May 2014 have seen that value increase by an unprecedented 30% to $1,254,154 by May 2015.  This equates to an increase in average sale price of $295,354 in only one calendar year, representing a return on invested capital that homeowners are unlikely to see matched with their other personal investments.

Not only were sale prices higher, but on average, detached homes in Lynn Valley sold for 2.9% above asking in May 2015, versus 0.83% below asking in May 2014.  All signs point to historically strong housing demand and broad recognition of significant added value in our local real estate market.

On the attached homes side, they continue to experience strong price appreciation year over year, with the average sale price of $551,390 in May 2015, a solid 15.7% increase over May 2014’s average sale price of $476,650.  Sales of attached homes in Lynn Valley sold for slightly more than asking by 0.6 % in May 2015.

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April 2015 Sales Recap

Spring has arrived, to find out just how busy April was for Lynn Valley home sales, keep reading!

Single Family Homes:

  • There were 23 detached homes sold in April with an average sale price of $1,180,444 (median = $1,161,000).
  • The average sale price achieved was more than list price by 1.32%.
  • Detached homes that sold in April took an average of 21 days to sell (median = 14).

 April_detached

 

Apartments and Townhouses:

  • There were 11 attached homes sold in April with an average sale price of $560,927  (median = $591,000).
  • The average sale price achieved was just more than list price by 0.28%.
  • Attached homes that sold in April took an average of 40 days to sell (median = 29 days).

 

Attached table_April

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March 2015 Sales Recap

It was a busy month for Lynn Valley home sales with 56 sales in March. Keep reading to find out more details.

Single Family Homes:

  • There were 36 detached homes sold in March with an average sale price of $1,172,617 (median = $1,086,250).
  • The average sale price achieved was more than list price by 1.61%.
  • Detached homes that sold in March took an average of 28 days to sell (median = 14).

 Mar_detached_final

 

Apartments and Townhouses:

  • There were 20 attached homes sold in March with an average sale price of $561,870 (median = $563,950).
  • The average sale price achieved was just less than list price by 0.40%.
  • Attached homes that sold in March took an average of 20 days to sell (median = 15 days).

 

Attached chart jpeg

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February 2015 Sales Recap

There was a lot of action in Lynn Valley this month with 38 sales in February. Keep reading to find out more details.

Single Family Homes:

  • There were 23 detached homes sold in February with an average sale price of $1,202,164 (median = $1,139,000).
  • The average sale price achieved was more than list price by 1.36%.
  • Detached homes that sold in February took an average of 38 days to sell (median = 12).

 

Feb 2015 Detached

 

Apartments and Townhouses:

  • There were 15 attached homes sold in February with an average sale price of $428,320 (median = $419,000).
  • The average sale price achieved was just less than list price by 0.71%.
  • Attached homes that sold in February took an average of 64 days to sell (median = 14 days).

 

Feb_Attached2105

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January 2015 Sales Recap

The market in Lynn Valley is off to a strong start with 26 sales in January. Keep reading to find out more details.

Single Family Homes:

  • There were 18 detached homes sold in January with an average sale price of $1,179,065 (median = $1,180,014).
  • The average sale price achieved was more than list price by 0.51%.
  • Detached homes that sold in December took an average of 48 days to sell (median = 11).

 Jan Det

 

Apartments and Townhouses:

  • There were 8 attached homes sold in January with an average sale price of $635,588 (median = $629,000).
  • The average sale price achieved was just less than list price by 0.57%.
  • Attached homes that sold in January took an average of 29 days to sell (median = 17 days).

Feb 15 Attached

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