north vancouver DETACHED - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2022
▲ 6% VS 2022
▲ 2% VS 2022
▼ 2% VS 2022
There were 249 detached listings in North Vancouver in September, 29% above August and 6% higher than September 2022. September detached home sales increased by 46% month-over-month, to 51, and were 2% above September 2022. The sales-to-listing ratio for detached in North Vancouver, at 20%, reflected a balanced market. The detached median price in September was $2,005,000, a 15% decrease from August and 8% above September 2022. The average sold price was $2,243,961, 4% below last month and down 2% to September 2022.
THIS MONTH No. $2,243,961 $2,005,000 20% 51 249
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,290,020 $1,849,500 21% 50 236
2% 6%
$2,342,200 $2,350,000 18% 35 193
-4% -15% 13% 46% 29%
-2% 8% -3%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
249
236
210
210
195
1.74
1.66
193
1.65
160
192
1.56
1.551.55
170
161
104
133
122
89
117
64
62
55
47
78
51
50
58
18
35
25
$2.35M
$2.20M $2.07M
$2.14M $2.25M
$2.01M $1.93M $1.91M $1.86M $1.86M $1.99M
$2.01M
$1.85M
22-Sep
23-Aug
23-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
70
60
50
40
41%
30
33%
20
23%
13%
9%
10
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
5 0 n/a
2 0 n/a
3 1 33%
54 22 41%
64 15 23%
45 6 13%
76 7 9%
Copyright © October 10, 2023 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 October 10, 2023. 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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