north vancouver CONDO - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 29% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.8% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▼ 8% VS 2022
▼ 4% VS 2022
▼ 6% VS 2022
▼ 15% VS 2022
There were 229 condo listings in North Vancouver in November, 5% below October and 6% lower than November 2022. November condo sales decreased by 32% month-over-month, to 67, and were 15% below November 2022. The sales-to-listing ratio for condos in North Vancouver, at 29%, reflected a sellers' market. The condo median price in November was $770,000, a 7% decrease from October and 4% below November 2022. The average sold price was $786,491, 13% below last month; the average PSF sale price was $932, down 8% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$932 $786,491 $770,000 29% 67 229
$924 $851,126 $805,000 33% 79 243
0.8% -8% -4% -10% -15% -6%
$1,011 $907,187 $828,500 41% 98 241
-8% -13% -7% -28% -32% -5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
241
252
243
225
221
229
212
211
202
213
209
205
158
127
121
111
98
110
98
79
86
83
67
76
62
45
$836K
$829K
$821K
$805K
$805K
$795K
$800K
$787K
$780K
$790K
$770K
$739K
$716K
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
70
4+ bdrms
60
2
50
1
40
3 bdrms
52%
24
30
39%
32%
20
26%
36
2 bdrms
118
11%
10
0
30
<$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
1 0 n/a
27 14 52%
69 22 32%
51 20 39%
34 9 26%
18 2 11%
10 0 n/a
19 0 n/a
85
Copyright © 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 December 11, 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. 34 ●
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