northvancouver CONDO-MAY 2021
SALESTO LISTINGSRATIO 58% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 7% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 10% VS2020
▲ 0.3% VS2020
▼ 2% VS2020
▲ 217% VS2020
Therewere293condolistingsinNorthVancouverin May,6%aboveApriland2%lowerthanMay2020.
Maycondosalesdecreasedby17%month-over-month, to171,andwere217%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 74% 206 277
%Change
Thesales-to-listingratioforcondosinNorthVancouver, at58%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
58% 171 293
$791 $666,097 $667,900 18% 54 300
7% 10% 0.3% 224% 217% -2%
-3% -10% -5% -22% -17% 6%
ThecondomedianpriceinMaywas$670,000,a5% decreasefromApriland0.3%aboveMay2020. Theaveragesoldpricewas$731,702,10%belowlast month;theaveragePSFsalepricewas$850,down3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$850 $731,702 $670,000
$877 $812,314 $701,750
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
429
481
464
358
357
399
277
300
293
244
231
206
124 239
220
141
202
171
140
120
10
141
127
92
92
54
$720K
$702K
$699K
$697K
$690K
$675K
$668K
$670K
$665K
$647K
$645K
$624K
$620K
NORTHVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
4+bdrms
1
83%
79%
60
64%
9
3bdrms
55%
28
40
50%
88
20
22% 22%
2bdrms
165
6%
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
74
S-LRATIO SALES INVENTORY
6 5 83%
77 49 64%
85 67 79%
55 30 55%
26 13 50%
18 4 22%
9 2 22%
6%
<2bdrms
17 1
99
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