north vancouver CONDO - MAY 2 0 2 4
SALES TO LISTINGS RATIO 33% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 12% VS 2023
▲ 4% VS 2023
▲ 51% VS 2023
▼ 17% VS 2023
There were 322 condo listings in North Vancouver in May, 12% above April and 51% higher than May 2023.
May condo sales decreased by 5% month-over-month, to 106, and were 17% below May 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 127 213
% Change
No. 112 288
% Change
The sales-to-listing ratio for condos in North Vancouver, at 33%, re'ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
106 322
3% 12% 4% -45% -17% 51%
0.1% -15% -5% 12%
The condo median price in May was $814,750, a 0.1% increase from April and 4% above May 2023. The average sold price was $890,636, 3% above last month; the average PSF sale price was $1,006, up 6% to last month.
$1,006 $890,636 $814,750 33%
$980 $795,836 $780,000 60%
$951 $864,268 $813,750 39%
6% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAY 2023 ● MAY 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
322
288
252
229
225
221
208
241
213
221
205
180
167
121
112
127
98
89
106
98
92
86
83
66
63
54
$836K
$829K
$828K
$821K
$811K
$814K
$815K
$805K
$799K
$780K
$790K
$738K
$677K
NORTH VANCOUVER
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
4+ bdrms
2
60
7
53%
3 bdrms
35
44%
40
34%
26% 23%
25%
57
18%
2 bdrms
20
181
6%
0
42
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
40 21 53%
89 30 34%
64 28 44%
47 12 26%
43 10 23%
17 3 18%
4 1 25%
18 1 6%
104
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 34 ●
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