north vancouver CONDO -MAY 2023
SALES TO LISTINGSRATIO 60% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 13% VS 2022
▼ 4% VS 2022
▲ 1.9% VS 2022
▼ 16% VS 2022
Therewere213 condolistingsin N orth Vancouverin M ay,1.9% aboveApriland 1.9% higherthan M ay2022.
M aycondosalesincreased by15% m onth-over-m onth,to 127,and were16% below M ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 73% 152 209
% Change
No. 53% 110 209
% Change
Thesales-to-listing ratio forcondosin N orth Vancouver, at60% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
60% 127 213
-0.6% -13% -4% -18% -16% 1.9%
-6% -10% -0.9% 13% 15% 1.9%
Thecondom edian pricein M aywas$780,000,a0.9% decreasefrom Apriland 4% below M ay2022. Theaveragesold pricewas$795,836,10% below last m onth;theaveragePSF salepricewas$980,down 6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$980 $795,836 $780,000
$1,037 $883,305 $787,250
$986 $914,665 $814,400
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
254
243
272
235
264
212
21
202
213
152 209
209
207
158
1
127
104
88
79
10
96
76
61 57
62
45
$814K $805K
$805K
$800K $787K $780K
$795K
$739K
$723K $700K $712K
$716K
$653K
NORTH VANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
100%+
4+ bdrms
92%
3
50
81%
40
67%
4
3 bdrms
30
30
20
63
2 bdrms
100
13%
10
0
60
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
0 1 n/a
24 29 121%
60 40 67%
37 30 81%
25 23 92%
31 4 13%
11 0 n/a
25 0 n/a
80
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