CONDO FEBRUARY north vancouver
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 64 %
23 % DOWN
8 % UP
42 % UP
The number of condo listings in North Vancouver decreased to 220 in February, 12% lower month- over-month and 23% below February 2020. Condo sales were 53% higher month-over-month, at 141, and increased 42% year-over-year. The sales-to-listings ratio increased to 64%, as the condo market for North Vancouver remained in seller’s market territory. The condo benchmark price, at $600,000, was 1.5% higher month-over-month and 5% higher year-over-year. The average sold price of $757,865 was up 7% vs January, while at $844, the average PSF sales price was 1.9% higher month-over-month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 250
% Change
No. 287
% Change
TOTAL LISTINGS
220 141 64%
-12% 53% 74%
-23% 42% 86%
TOTAL SALES
92
99
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
34%
$600,000 $591,400 $757,865 $708,657
1.5% $574,000 7% $704,187
5% 8% 3%
$844
$828
1.9%
$820
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$574,000 $574,500 $575,000 $583,600 $588,900 $585,800 $600,000
482
471
379
294
287
263
220 141
142
124
110
99
92
45
NORTH VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
3+ bdrms
BUYER'S MARKET
17
82
2 bdrms
128
49
<2 bdrms
. . . . 0 0 0 0
75
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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