the rennie review - June 2022

north vancouver TOWNHOME-MAY 202

SALES TO LISTINGSRATIO 49% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 28% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 20% VS 2021

▲ 14% VS 2021

▼ 24% VS 2021

▼ 37% VS 2021

Therewere65 townhom elistingsin N orth Vancouverin M ay,67% aboveApriland 24% lowerthan M ay2021. M aytownhom esalesdecreased by37% m onth-over-m onth,to32,and were37% below M ay 2021. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at49% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$1,315,000,a 3% decreasefrom Apriland 14% aboveM ay2021. Theaveragesold pricewas$1,381,473,3% abovelast m onth;theaveragePSF salepricewas$914,up 4% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

32 65

51 86

28% 20% 14% -17% -37% -24%

51 39

-62% -37% 67%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$914 $1,381,473 $1,315,000 49%

$715 $1,152,749 $1,150,000 59%

$879 $1,341,508 $1,350,000 131%

4% 3% -3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2021 ● MAY 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

86

72

65

59

58

55

62

51

48

51

52

39

38

48

45

33

29

39

38

36

32

32

30

25

18

16

$1.38M $1.38M $1.40M $1.35M $1.32M

$1.29M $1.28M

$1.29M $1.34M

$1.20M $1.21M $1.28M

$1.15M

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

20

6

4+ bdrms

10

15

65%

17

3 bdrms

32

10

48%

47%

33%

5

25%

5

2 bdrms

20%

17

0

4

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

0 1 n/a

4 1 25%

5 1 20%

15 7 47%

17 11 65%

21 10 48%

3 1 33%

6

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