CONDO - FEBRUARY 2020 north vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
68 % UP
SELLER’S 38 %
20 % DOWN
5 % UP
0.1 % UP
The number of condo listings in North Vancouver rose to 264 in February, 10% higher month-over- month but 20% below February 2019. Condo sales increased to 99, 57% higher month- over-month and up 68% year-over-year. The sales-to-listings ratio increased to 38%, as the condo market for North Vancouver remained in seller’s market territory. The condo benchmark price, at $572,000, was 2% higher year-over-year. The average sold price of $704,187 was up 14% vs January, while at $820 the average PSF sales price increased by 6% month-over-month.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 239
% Change
No. 328
% Change
TOTAL LISTINGS
264
10% 57% 42%
-20% 68% 108%
TOTAL SALES
99
63
59
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
38%
26%
18%
$572,000 $558,300 $704,187 $616,898
2% $559,000 14% $668,449
2% 5%
$820
$773
6%
$819
0.1%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$559,000 $563,400 $552,400 $555,800 $554,100 $549,700 $572,000
453
445
380
328
319
264
193
124
99
88
87
74
64
59
NORTH VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
3+ bdrms
BUYER'S MARKET
27
53
2 bdrms
156
39
<2 bdrms
. . . . 0 0 0 0 QD QD
81
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 4, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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