north vancouver CONDO - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 42% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 3% VS 2023
▲ 4% VS 2023
▼ 17% VS 2023
There were 220 condo listings in North Vancouver in March, 6% above February and 4% higher than March 2023. March condo sales increased by 3% month-over-month, to 92, and were 17% below March 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 111 212
% Change
No.
% Change
The sales-to-listing ratio for condos in North Vancouver, at 42%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,002 $892,183 $827,500 42% 92 220
-20% -17% 4%
$979 $867,016 $799,000 43% 89 208
3% 6%
The condo median price in March was $827,500, a 4% increase from February and 3% above March 2023. The average sold price was $892,183, 3% above last month; the average PSF sale price was $1,002, up 2% to last month.
$965 $862,684 $800,000 52%
2% 3% 4% -2%
4% 3% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
241
252
229
225
221
208
220
212
213
209
205
180
167
127
121
98
111
89
110
92
98
86
83
66
63
54
$836K
$829K
$828K
$821K
$811K
$805K
$800K
$799K
$787K
$780K
$790K
$738K
$677K
NORTH VANCOUVER
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
60
4+ bdrms
50
2
40
63%
5
3 bdrms
49%
48%
30
24
43%
38%
20
23%
50
2 bdrms
119
10
0
37
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
24 15 63%
59 29 49%
56 24 43%
25 12 48%
26 6 23%
16 6 38%
2 0 n/a
12 0 n/a
75
Copyright © 2024 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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings System, and 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. 34 ●
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