north vancouver
CONDO - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
85 % UP
9 % DOWN
9 % DOWN
0.0 %
SELLER’S 25 %
The number of condo listings in North Vancouver rose to 423 in May, 4% lower month-over-month but 85% above May 2018. Condo sales jumped to 106, an increase of 66% month-over-month and unchanged year-over-year. The sales-to-listings ratio rose to 25%, as the condo market for North Vancouver transitioned to seller’s market territory. The condo benchmark price, at $557,100, was 1.8% lower vs last month and 9% lower year-over-year. The average sold price of $665,677 was up 1.0% vs April, while at $762 the average PSF sales price decreased by 4% month-over-month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 439
% Change
No. 229 106 46%
% Change
TOTAL LISTINGS
423 106 25%
-4% 66% 72%
85% 0.0% -46%
TOTAL SALES
64
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
$557,100 $567,500 $665,677 $659,395
-1.8% $612,400 1.0% $729,071
-9% -9% -9%
$762
$794
-4%
$834
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$612,400 $608,100 $595,700 $574,000 $559,300 $567,000 $557,100
423
368
342
338
300
256
229
106
106
76
75
73
57
41
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
3+ bdrms
BUYER'S MARKET
25
61
2 bdrms
250
42
<2 bdrms
. . . . 0 0 0 0 QD
151
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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