north vancouver CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere211 condolistingsin N orth Vancouverin February,4% aboveJanuaryand 30% higherthan February2022. February condo salesincreased by 69% m onth-over-m onth,to76,and were44% below February 2022. Thesales-to-listing ratio forcondosin N orth Vancouver, at36% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$738,810,a7% decreasefrom Januaryand 8% below February2022. Theaveragesold pricewas$808,148,4% below last m onth;theaveragePSF salepricewas$929,up 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▼ 8% VS 2022
▲ 30% VS 2022
▼ 44% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 83% 135 162
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$929 $808,148 $738,810 36% 76 211
-8% -10% -8% -57% -44% 30%
$904 $845,131 $795,000 22% 45 202
3% -4% -7% 62% 69% 4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,005 $901,152 $807,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
254
243
272
235
264
219
202
21
193
209 152
207
162
162 135
158
104
124
88
79
96
76
61
62
57
45
$807K $853K
$805K
$795K $739K
$788K $814K $805K
$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
50
4+ bdrms
3
40
69%
8
30
3 bdrms
21
50%
20
30% 30% 28%
35
2 bdrms
10
119
6%
0
33
<$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
0 1 n/a
29 20 69%
52 26 50%
47 14 30%
30 9 30%
18 5 28%
18 0 n/a
6%
68
17 1
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