Lynn Valley Housing Market AnalysisSutton West Coast You've found a Home LOGO

Go to any dinner party, and the one topic of conversation that never fails to come up is the real estate market. If you want to sound really smart at that next dinner party, check back here often as we’ll provide the relevant statistics on the Lynn Valley housing market on a monthly basis.

**LynnValleyLife has made every effort to obtain the information regarding the market sales from sources deemed reliable. However, we cannot guarantee the complete accuracy as month end sales may not have been processed at the time of this analysis. Please note that the information and statistics displayed on this site are for information purposes only and may be subject to change.

 

June 2017 Sales Recap

Here is the latest on the Lynn Valley market for June 2017.

Single Family Homes:

  • There were 22 detached homes sold in June with an average sale price of $1,704,909 (median = $1,729,000)
  • The average sale price achieved was more than list price by 1.34%
  • Detached homes that sold in June took an average of 20 days to sell (median = 11)

June 2017 Detached

 

Apartments and Townhouses:

  • There were 14 attached homes sold in June with an average sale price of $846,154  (median = $887,400)
  • The average sale price achieved was more than list price by 2.93%
  • Attached homes that sold in June took an average of 15 days to sell (median = 8 days)

June 2017 Attached

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May 2017 Sales Recap

Here is the latest on the Lynn Valley market for May 2017.

Single Family Homes:

  • There were 29 detached homes sold in May with an average sale price of $1,724,689 (median = $1,605,000)
  • The average sale price achieved was more than list price by 0.55%
  • Detached homes that sold in May took an average of 24 days to sell (median = 10)

May 2017 Detached

 

Apartments and Townhouses:

  • There were 15 attached homes sold in May with an average sale price of $750,683  (median = $683,900)
  • The average sale price achieved was more than list price by 5.96%
  • Attached homes that sold in May took an average of 13 days to sell (median = 7 days)

May 2017 Attached

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April 2017 Sales Recap

Here is the latest on the Lynn Valley market for April 2017.

Single Family Homes:

  • There were 18 detached homes sold in April with an average sale price of $1,762,188 (median = $1,635,000)
  • The average sale price achieved was less than list price by 1.64%
  • Detached homes that sold in April took an average of 33 days to sell (median = 18)

April 2017 Detached

Apartments and Townhouses:

  • There were 12 attached homes sold in April with an average sale price of $730,391  (median = $730,000)
  • The average sale price achieved was more than list price by 3.13%
  • Attached homes that sold in April took an average of 10 days to sell (median = 7 days)

April 2017 Attached

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March 2017 Sales Recap

Here is the latest on the Lynn Valley market for March 2017.

Single Family Homes:

  • There were 16 detached homes sold in March with an average sale price of $1,528,431 (median = $1,473,500)
  • The average sale price achieved was less than list price by 0.33%
  • Detached homes that sold in March took an average of 25 days to sell (median = 9)

March Detached

Apartments and Townhouses:

  • There were 9 attached homes sold in March with an average sale price of $820,911  (median = $649,900)
  • The average sale price achieved was more than list price by 0.57%
  • Attached homes that sold in March took an average of 7 days to sell (median = 5 days)

March Attached

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February 2017 Sales Recap

Here is the latest on the Lynn Valley market for February 2017.

Single Family Homes:

  • There were 12 detached homes sold in February with an average sale price of $1,557,929 (median = $1,509,500)
  • The average sale price achieved was less than list price by 1.6%
  • Detached homes that sold in February took an average of 48 days to sell (median = 17)

Feb Detached

Apartments and Townhouses:

  • There were 7 attached homes sold in February with an average sale price of $636,428  (median = $635,000)
  • The average sale price achieved was more than list price by 0.48%
  • Attached homes that sold in February took an average of 13 days to sell (median = 11 days)

Feb Attached

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January 2017 Sales Recap

Here is the latest on the Lynn Valley market for January 2017.

Single Family Homes:

  • There were 13 detached homes sold in January with an average sale price of $1,777,431 (median = $1,535,000)
  • The average sale price achieved was more than list price by 1.45%
  • Detached homes that sold in January took an average of 41 days to sell (median = 11)

Jan Detached

Apartments and Townhouses:

  • There were 3 attached homes sold in January with an average sale price of $575,000  (median = $560,000)
  • The average sale price achieved was less than list price by 2.71%
  • Attached homes that sold in January took an average of 73 days to sell (median = 76 days)

Jan 2017 Attached

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December 2016 Sales Recap

Here is the latest on the Lynn Valley market for December 2016.

Single Family Homes:

  • There were 7 detached homes sold in December with an average sale price of $1,445,714 (median = $1,440,000)
  • The average sale price achieved was less than list price by 5.48%
  • Detached homes that sold in December took an average of 64 days to sell (median = 59)

December 2016 Detached

Apartments and Townhouses:

  • There were 3 attached homes sold in December with an average sale price of $494,166  (median = $462,500)
  • The average sale price achieved was more than list price by 1.06%
  • Attached homes that sold in December took an average of 6 days to sell (median = 7 days)

December 2016 Attached

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November 2016 Sales Recap

Here is the latest on the Lynn Valley market for November 2016.

Single Family Homes:

  • There were 14 detached homes sold in November with an average sale price of $1,405,428 (median = $1,400,000)
  • The average sale price achieved was less than list price by 4.85%
  • Detached homes that sold in November took an average of 49 days to sell (median = 50)

November_Detached chart

Apartments and Townhouses:

  • There were 15 attached homes sold in November with an average sale price of $608,646  (median = $580,000)
  • The average sale price achieved was more than list price by 0.36%
  • Attached homes that sold in November took an average of 19 days to sell (median = 9 days)

November_Attached chart

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October 2016 Sales Recap

Here is the latest on the Lynn Valley market for October 2016.

Single Family Homes:

  • There were 11 detached homes sold in October with an average sale price of $1,464,939 (median = $1,450,000)
  • The average sale price achieved was less than list price by 4.47%
  • Detached homes that sold in October took an average of 57 days to sell (median = 45)

October Detached Sales Chart

Apartments and Townhouses:

  • There were 6 attached homes sold in October with an average sale price of $717,500  (median = $617,500)
  • The average sale price achieved was more than list price by 1.14%
  • Attached homes that sold in October took an average of 9 days to sell (median = 6 days)

October Attaches Sales Chart

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September 2016 Sales Recap

Here is the latest on the Lynn Valley market for September 2016.

Single Family Homes:

  • There were 9 detached homes sold in September with an average sale price of $1,585,333 (median = $1,503,000)
  • The average sale price achieved was less than list price by 0.38%
  • Detached homes that sold in September took an average of 11 days to sell (median = 9)

Detached Sales 2016 capture

Apartments and Townhouses:

  • There were 7 attached homes sold in September with an average sale price of $602,128  (median = $620,000)
  • The average sale price achieved was less than list price by 1.01%
  • Attached homes that sold in September took an average of 21 days to sell (median = 7 days)

Attached Sales capture Sept 2016

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August 2016 Sales Recap

Here is the latest on the Lynn Valley market for August 2016.

Single Family Homes:

  • There were 18 detached homes sold in August with an average sale price of $1,523,555 (median = $1,465,000)
  • The average sale price achieved was less than list price by 2.38%
  • Detached homes that sold in August took an average of 22 days to sell (median = 14)

August detached capture

 

Apartments and Townhouses:

  • There were 7 attached homes sold in August with an average sale price of $810,528  (median = $604,900)
  • The average sale price achieved was above list price by 0.66%
  • Attached homes that sold in August took an average of 24 days to sell (median = 16 days)

August attached capture

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July 2016 Sales Recap

Here is the latest on the Lynn Valley market for July 2016.

Single Family Homes:

  • There were 10 detached homes sold in July with an average sale price of $1,442,700 (median = $1,425,000)
  • The average sale price achieved was more than list price by 4.37%
  • Detached homes that sold in July took an average of 11 days to sell (median = 11)

LVL_July_Detached

 

Apartments and Townhouses:

  • There were 9 attached homes sold in July with an average sale price of $566,378  (median = $579,900)
  • The average sale price achieved was above list price by 2.77%
  • Attached homes that sold in July took an average of 10 days to sell (median = 8 days)

 LVL_July_Attached

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June 2016 Sales Recap

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

Single Family Homes:

  • There were 27 detached homes sold in June with an average sale price of $1,648,847 (median = $1,600,000).
  • The average sale price achieved was more than list price by 4.93%.
  • Detached homes that sold in June took an average of 12 days to sell (median = 9).

Download the PDF for LynnValleyLife June Detached Home Sales here

 

Apartments and Townhouses:

  • There were 12 attached homes sold in June with an average sale price of $718,908  (median = $667,500).
  • The average sale price achieved was above list price by 10.23%.
  • Attached homes that sold in June took an average of 11 days to sell (median = 8 days).

 

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 May 2016 Sales Recap

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

Single Family Homes:

  • There were 18 detached homes sold in May with an average sale price of $1,824,150 (median = $1,685,100).
  • The average sale price achieved was more than list price by 9.99%.
  • Detached homes that sold in May took an average of 21 days to sell (median = 7).

  Detached Home Sales May 2016

 

Apartments and Townhouses:

  • There were 8 attached homes sold in May with an average sale price of $616,312  (median = $623,500).
  • The average sale price achieved was above list price by 6.99%.
  • Attached homes that sold in May took an average of 8 days to sell (median = 8 days).

 Attached Home Sales May 2016

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April 2016 Sales Recap

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

Single Family Homes:

  • There were 25 detached homes sold in April with an average sale price of $1,520,474 (median = $1,535,000).
  • The average sale price achieved was more than list price by 9.33%.
  • Detached homes that sold in April took an average of 8 days to sell (median = 8).

 

 Detached Sales April

 

Apartments and Townhouses:

  • There were 13 attached homes sold in April with an average sale price of $641,470  (median = $570,000).
  • The average sale price achieved was above list price by 11.00%.
  • Attached homes that sold in April took an average of 16 days to sell (median = 7 days).

 Attached sales April

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 March 2016 Sales Recap

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

Single Family Homes:

  • There were 39 detached homes sold in March with an average sale price of $1,550,926 (median = $1,530,000).
  • The average sale price achieved was more than list price by 4.43%.
  • Detached homes that sold in March took an average of 12 days to sell (median = 9).

Download the PDF for LynnValleyLife March Detached Home Sales here

 

Apartments and Townhouses:

  • There were 16 attached homes sold in March with an average sale price of $620,681  (median = $590,500).
  • The average sale price achieved was just above list price by 7.90%.
  • Attached homes that sold in March took an average of 11 days to sell (median = 8 days).

 Attached Capture_March

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February 2016 Sales Recap

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

Single Family Homes:

  • There were 21 detached homes sold in February with an average sale price of $1,482,195 (median = $1,525,000).
  • The average sale price achieved was more than list price by 8.87%.
  • Detached homes that sold in February took an average of 16 days to sell (median = 8).

 Detached capture

 

Apartments and Townhouses:

  • There were 13 attached homes sold in February with an average sale price of $486,850  (median = $418,000).
  • The average sale price achieved was just above list price by 3.24%.
  • Attached homes that sold in February took an average of 43 days to sell (median = 7 days).

 Attached capture

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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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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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 Click here to read the sales recap for 2014.

Click here to read the sales recap for 2013.

Click here to see the market reviews for 2012.

Click here to see the market reviews for 2011.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$1,152,000.67