the rennie review - May 2023

north vancouver DETACHED -APRIL 2023

SALES TO LISTINGSRATIO 46% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 0.5% VS 2022

▼ 6% VS 2022

▼ 14% VS 2022

▼ 18% VS 2022

Therewere170 detached listingsin N orth Vancouverin April,6% aboveM arch and 14% lowerthan April2022. A prildetached hom esalesincreased by 22% m onth-over-m onth,to78,and were18% below April 2022. Thesales-to-listing ratio fordetached in N orth Vancouver,at46% ,reflected aselers'm arket.

THISMONTH No. $2,383,248 $2,140,000 46% 78 170

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$2,394,969 $2,271,000 48% 95 198

-0.5% -6% -4% -18% -14%

$2,099,157 $1,992,500 40% 64 160

14% 7% 15% 22% 6%

Thedetachedm edian pricein Aprilwas$2,140,000,a7% increasefrom M arch and 6% below April2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,383,248,14% abovelast m onth and down 0.5% toApril2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

242

236

210

221

219

198

1.73

205

1.681.71

1.68

160

1.62

170

161

1.44

133

122

17

95

64

63

78

62

55

79

47

50

18

45

42

25

$2.27M $2.20M

$2.03M $2.02M

$2.01M

$1.99M $2.14M $1.93M $1.91M $1.86M $1.86M

$1.84M $1.85M

22-Apr

23-M ar 23-Apr

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

50

40

75%

64%

30

56%

42%

20

28%

10

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

1 0 n/a

1 0 n/a

4 3 75%

39 25 64%

52 22 42%

27 15 56%

46 13 28%

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