the rennie review - February 2021

TOWNHOME  JANUARY  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 8 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

17 % DOWN

18 % UP

16 % UP

227 % UP

SELLER’S 53 %

At 68, the number of townhome listings in North Vancouver was 1.4% below last month and 17% lower vs January 2020. The 36 townhome sales in January were down 5% from December but 227% higher vs January 2020. The sales-to-listings ratio dipped to 53%, as North Vancouver’s townhome market remained favourable to sellers. January’s benchmark price was $1.02M, increasing 1.1% from December and 8% higher vs last year. The average sold price was $1.14M (5% above December) while the average PSF sales price was $724 (a 4% increase from December).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

68 36

69 38

-1.4%

82 11

-17% 227% 295%

TOTAL SALES

-5% -4%

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

53%

55%

13%

$1,020,700 $1,010,000 1.1% $948,200

8%

$1,143,324 $1,093,539

5% $970,208

18% 16%

$724

$699

4%

$626

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$1,009,100 $1,031,400 $1,020,700

$948,200 $964,300 $974,200 $1,000,100

139

132

111

98

92

82

68

42

41

34

36

30

27

11

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED

8





4+ bdrms

BUYER'S MARKET

16







19



3 bdrms

31





9



<3 bdrms

. . . . 0 0 0 0 QD QD      QD                

21

S-L RATIO SALES INVENTORY

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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