condo
N O R T H V A N C O U V E R - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % DOWN
33 % DOWN
17 % DOWN
112 % UP
BALANCED 19 %
The number of condo listings in North Vancouver rose to 318 in February, 8% higher month-over- month and 112% above February 2018. Condo sales jumped to 59, a 44% increase month- over-month but 33% decerase year-over-year. The sales-to-listings ratio rose to 19%, as the condo market for North Vancouver remained in balanced market territory. The condo benchmark price, at $561,500, was virtually unchanged vs last month and 5% lower year-over-year. The average sold price of $668,449 was up 4% vs January, while at $819 the average PSF sales price increased by 8% month-over-month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 294
% Change
No. 150
% Change
TOTAL LISTINGS
318
8%
112% -33% -68%
TOTAL SALES
59
41
44% 33%
88
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19%
14%
59%
$561,500 $559,300 $668,449 $644,202
0.4% $589,200 4% $802,435
-5%
-17%
$819
$757
8%
$875
-6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$620,900 $611,600 $596,400 $582,000 $567,300 $561,500
$589,200
378
318
257
253
235
180
150
35
101
88
78
79
72
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
3+ bdrms
BUYER'S MARKET
22
30
2 bdrms
186
29
<2 bdrms
. . . . 0 0 0 0 QD QD QD
110
S-L RATIO SALES INVENTORY
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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