north vancouver CONDO -MARCH 2023
SALES TO LISTINGSRATIO 52% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere212 condolistingsin N orth Vancouverin M arch,0.5% aboveFebruaryand 10% higherthan M arch 2022. M arch condosalesincreased by46% m onth-over-m onth, to111,and were31% below M arch 2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2022
▼ 6% VS 2022
▲ 10% VS 2022
▼ 31% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 84% 162 193
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N orth Vancouver, at52% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
52% 111 212
-38% -31% 10%
$929 $808,148 $738,810 36% 76 211
45% 46% 0.5%
Thecondom edian pricein M arch was$800,000,a8% increasefrom Februaryand 6% below M arch 2022. Theaveragesold pricewas$862,684,7% abovelast m onth;theaveragePSF salepricewas$965,up 4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$965 $862,684 $800,000
4% 7% 8%
$1,024 $886,452 $852,500
-6% -3% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
254
243
272
235
264
219
21
202
212
162 193
152 209
207
158
1
104
124
88
79
96
76
61
62
57
45
$853K
$805K
$800K
$788K $814K $805K
$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
70
4+ bdrms
60
3
85%
79%
50
69%
9
40
3 bdrms
21
46%
43%
30
59
20
2 bdrms
106
11%
10
0
43
<$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
26 22 85%
70 32 46%
33 26 79%
29 20 69%
21 9 43%
14 0 n/a
19 2 11%
82
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