north vancouver CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.6% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 48% VS 2024
▼ 1.8% VS 2024
▼ 3% VS 2024
▼ 15% VS 2024
There were 307 condo listings in North Vancouver in February, 12% above January and 48% higher than February 2024. February condo sales decreased by 6% month-over-month, to 76, and were 15% below February 2024.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in North Vancouver, at 25%, re&ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$964 $851,670 $777,500 25% 76 307
$979 $867,016 $799,000 43% 89 208
-1.6% -1.8% -3% -42% -15% 48%
$994 $864,567 $805,000 30% 81 273
-3% -1.5% -3% -17% -6% 12%
The condo median price in February was $777,500, a 3% decrease from January and 3% below February 2024. The average sold price was $851,670, 1.5% below last month; the average PSF sale price was $964, down 3% to last month.
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
380
323
371
321
310
309
289
307
273
295
236
208
221
112
104
100
89
88
81
89
106
76
92
75
69
60
$837K
$828K
$830K
$824K
$814K
$815K
$805K
$799K
$792K
$784K
$778K
$765K
$730K
NORTH VANCOUVER
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
4+ bdrms
1
60
4
3 bdrms
35
40
32% 35% 33%
38
20
2 bdrms
14%
11% 13% 11%
158
0
34
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
44 14 32%
84 29 35%
60 20 33%
57 6 11%
30 4 13%
18 2 11%
7 0 n/a
7 1 14%
113
Copyright © 2025 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 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 34 ●
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