the rennie review - February 2021

DETACHED  JANUARY  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 12 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

-

SELLER’S 32 %

3 % DOWN

44 % DOWN

96 % UP

The 145 detached listings in North Vancouver in January were down 5% from December and 44% below January 2020. The 47 detached sales in January were 41% lower vs December but were 96% above January 2020. The sales-to-listings ratio decreased to 32%, as North Vancouver’s detached segment remained a seller’s market. The detached benchmark price in January was $1.72M—up 1.2% month-over-month and 12% above this time last year. The average sold price was $2.10M in January, 14% above December but 3% lower year-over-year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 153

% Change

No. 261

% Change

TOTAL LISTINGS

145

-5%

-44% 96% 253%

TOTAL SALES

47

80

-41% -38%

24 9%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

32%

52%

$1,722,300 $1,702,600 1.2% $1,537,500

12% -3%

$2,102,049 $1,846,851

14% $2,156,917

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.72

$1.67

$1.65

$1.60

$1.55

$1.54

$1.54

1.73

1.72

1.70

1.69

1.69

1.62

330

317

306

299

261

240

145

133

101

94

69

51

47

24

Jan-20

Dec-20

Jan-21

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

        . . . 0 0 0 0 0 QD QD QD                      S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET       

Copyright © 2021 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 February 3, 2021. 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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