the rennie review - September 2020

TOWNHOME  AUGUST  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE 7 % UP

BENCHMARK PRICE 6 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

16 % DOWN

10 % UP

55 % UP

SELLER’S 39 %

At 114, the number of townhome listings in North Vancouver were down 11% vs last month and 16% below August 2019. The 45 townhome sales in August were up 10% from July and 55% above August 2019. The sales-to-listings ratio increased to 39%, as North Vancouver’s townhome market remained favourable to sellers. August’s benchmark price was $1.01M, increasing 1.5% from July and 6% above August of last year. The average sold price was $1.06M (1.1% above July) while the average PSF sales price was $631 (an 11% decrease from July).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 128

% Change

No. 135

% Change

TOTAL LISTINGS

114

-11% 10% 23%

-16% 55% 84%

TOTAL SALES

45

41

29

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

39%

32%

21%

$1,014,900 $1,000,100 1.5% $960,200 $1,057,224 $1,045,543 1.1% $961,612

6%

10%

$631

$711

-11%

$592

7%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$1,014,900

$960,200 $936,300 $924,800 $947,400 $983,200 $989,000

135

117

114

114

104

87

70

45

39

38

29

26

21

8

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

9



4+ bdrms

BUYER'S MARKET



16





28





3 bdrms

68





8



<3 bdrms

. . . . 0 0 0 0 QD QD     QD QD                

30

S-L RATIO SALES INVENTORY

Copyright © 2020 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 September 3, 2020. 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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