north vancouver DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 35% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere133 detached listingsin N orth Vancouverin February,9% aboveJanuaryand 7% lowerthan February 2022. February detached hom esalesincreased by 161% m onth-over-m onth,to47,and were41% below February 2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS 2022
▼ 19% VS 2022
▼ 7% VS 2022
▼ 41% VS 2022
THISMONTH No. $2,205,937 $1,855,000 35% 47 133
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio fordetached in N orth Vancouver,at35% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$2,385,403 $2,304,000 55% 79 143
-8% -19% -36% -41% -7%
$2,007,917 $1,862,500 15% 18 122
10% -0.4% 140% 161% 9%
Thedetachedm edian pricein Februarywas$1,855,000, a0.4% decreasefrom Januaryand 19% below February 2022. Theaveragesold pricewas$2,205,937,10% abovelast m onth and down 8% toFebruary2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
242
236
210
198
221
219
1.87
205
157
1.671.71
1.63
161
143
133
17
1.44
1.34
122
17
95
63
62
55
79
79
47
50
45 42
18
25
$2.30M $2.32M $2.27M
$2.20M $2.03M $2.02M
$2.01M $1.93M $1.91M $1.86M $1.86M
$1.84M $1.85M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
35
100%
30
25
71%
20
50%
15
29%
10
22%
14%
5
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
1 0 n/a
1 1 100%
4 2 50%
34 24 71%
35 5 14%
23 5 22%
35 10 29%
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