the rennie review - June 2022

north vancouver DETACHED -MAY 202

SALES TO LISTINGSRATIO 32% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2021

▲ 19% VS 2021

▼ 18% VS 2021

▼ 45% VS 2021

Therewere217 detached listingsin N orth Vancouverin M ay,10% aboveApriland 18% lowerthan M ay2021. M ay detached hom esalesdecreased by 26% m onth-over-m onth,to70,and were45% below M ay 2021. Thesales-to-listing ratio fordetached in N orth Vancouver,at32% ,reflected aselers'm arket.

THISMONTH No. $2,327,050 $2,237,500 32% 70 217

PREVIOUSYEAR

PREVIOUSMONTH

No. 48% 128 266

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

8% 19% -33% -45% -18%

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

-3% -1.5% -33% -26% 10%

Thedetachedm edian pricein M aywas$2,237,500,a 1.5% decreasefrom Apriland 19% aboveM ay2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,327,050,3% below last m onth and up 8% toM ay2021.

$2,158,901 $1,876,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

266

242

217

198

1.72

1.70

1.681.71

1.63

178

1.59

195

143

127

156

157

18

128

135

95

17

78

93

92

70

79

79

71 71

71

56

37

$2.32M $2.27M $2.24M

$2.15M $2.20M

$2.15M $2.20M $2.25M $2.30M

$1.88M $1.93M $1.89M $1.88M

May-21

Apr-22

May-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

70

60

50

40

47%

30

37%

34%

20

25%

15%

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

0 1 n/a

4 1 25%

53 25 47%

52 19 37%

41 14 34%

67 10 15%

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