northvancouver CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 48% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 11% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 8% VS2020
▼ 55% VS2020
▲ 8% VS2020
Therewere208condolistingsinNorthVancouverin August,6%belowJulyand55%lowerthanAugust2020. Augustcondosalesdecreasedby28% month-over-month,to99,andwere8%aboveAugust 2020. Thesales-to-listingratioforcondosinNorthVancouver, at48%,reflectedaselers'market. ThecondomedianpriceinAugustwas$675,000,a4% decreasefromJulyand8%aboveAugust2020. Theaveragesoldpricewas$775,434,6%abovelast month;theaveragePSFsalepricewas$873,up0.6%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 62% 137 222
%Change
TOTALLISTINGS TOTALSALES
$873 $775,434 $675,000 48% 99 208
$785 $673,984 $624,000 20% 92 464
11% 15% 8% 140% 8% -55%
0.6% 6% -4% -23% -28% -6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$867 $733,493 $699,800
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
464
429
481
357
293
277
267
244
231
222
206
239 124
208
220
141
202
140
137
171
141
135
127
99
92
92
$720K
$702K
$699K
$697K
$700K
$690K
$675K
$682K
$675K
$670K
$665K
$645K
$624K
NORTHVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
4+bdrms
1
40
75%
70% 74%
7
30
3bdrms
22
20
36% 35%
51
2bdrms
15% 13%
10
125
7%
0
41
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
4 3 75%
40 28 70%
53 39 74%
45 16 36%
23 8 35%
15 1 7%
13 2 15%
15 2 13%
60
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 28 ●
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