north vancouver DETACHED -MAY 2023
SALES TO LISTINGSRATIO 54% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 2% VS 2022
▼ 11% VS 2022
▲ 33% VS 2022
Therewere195 detached listingsin N orth Vancouverin M ay,15% aboveApriland 11% lowerthan M ay2022. M ay detached hom esalesincreased by 35% m onth-over-m onth,to105,and were33% aboveM ay 2022. Thesales-to-listing ratio fordetached in N orth Vancouver,at54% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
54% 105 195
$2,307,677 $2,200,000 36% 79 219
49% 33% -11%
$2,383,248 $2,140,000 46% 78 170
0.4% 5% 17% 35% 15%
Thedetachedm edian pricein M aywas$2,250,000,a5% increasefrom Apriland 2% aboveM ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,391,849,0.4% abovelast m onth and up 4% toM ay2022.
$2,391,849 $2,250,000
4% 2%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
242
236
210
219
221
195
1.73
205
1.67
1.651.63 1.68 1.62
160
170
161
133
122
105
17
79
64
63
62
55
78
47
50
18
45
42
25
$2.20M
$2.14M $2.25M
$2.03M $2.02M
$2.01M $1.93M $1.91M $1.86M $1.86M $1.99M
$1.84M $1.85M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
60
50
40
75%
65%
60%
30
47%
20
33%
10
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
1 0 n/a
1 0 n/a
1 0 n/a
5 3 60%
48 31 65%
48 36 75%
36 17 47%
55 18 33%
Copyright© June5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune5,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
32
Made with FlippingBook - professional solution for displaying marketing and sales documents online