CONDO - JUNE 2019 north vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
81 % UP
10 % UP
BALANCED 20 %
8 % DOWN
5 % DOWN
The number of condo listings in North Vancouver dipped to 425 in June, 4% lower month-over-month but 81% above June 2018. Condo sales decreased to 87, a decline of 18% month-over-month but up 10% year-over-year. The sales-to-listings ratio dipped to 20%, as the condo market for North Vancouver transitioned to balanced market territory. The condo benchmark price, at $552,400, was 0.8% lower vs last month and 10% lower year-over-year. The average sold price of $656,563 was down 1.4% vs May, while at $777 the average PSF sales price increased by 2% month-over-month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 444 106 24%
% Change
No. 235
% Change
TOTAL LISTINGS
425
-4%
81% 10% -39% -10%
TOTAL SALES
87
-18% -14%
79
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
34%
$552,400 $557,100 $656,563 $665,677
-0.8% $611,000 -1.4% $716,576
-8% -5%
$777
$762
2%
$816
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$611,000 $598,300 $583,300 $566,600 $559,000 $563,400 $552,400
450
425
378
333
257
253
235
87
79
78
72
64
59
35
NORTH VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
3+ bdrms
BUYER'S MARKET
28
43
2 bdrms
252
40
<2 bdrms
. . . . 0 0 0 0 QD QD
148
S-L RATIO SALES INVENTORY
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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