the rennie review - September 2020

CONDO  AUGUST  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE 6 % UP

BENCHMARK PRICE 5 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

BALANCED 20 %

2 % UP

20 % UP

5 % UP

The number of condo listings in North Vancouver increased to 457 in August, 8% higher month-over- month and 20% above August 2019. Condo sales were 23% lower month-over-month, at 92, but increased 5% year-over-year. The sales-to-listings ratio decreased to 20%, as the condo market for North Vancouver remained favourable to sellers. The condo benchmark price, at $583,600, was 0.2% higher month-over-month and 5% above August 2019. The average sold price of $673,984 was down 4% vs July, while at $785, the average PSF sales price was 0.6% lower month-over-month.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 423 120 28%

% Change

No. 380

% Change

TOTAL LISTINGS

457

8%

20%

TOTAL SALES

92

-23% -29%

88

5%

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

20%

23%

-13%

$583,600 $582,600 $673,984 $698,613

0.2% $555,800 -4% $659,818 -0.6% $743

5% 2% 6%

$785

$790

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$555,800 $554,100 $552,200 $574,000 $574,500 $575,000 $583,600

457

380

379

319

294

287

193

124

110

99

92

88

74

45

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



 

SELLER'S MARKET

  



BALANCED

5



3+ bdrms

BUYER'S MARKET

42







 

51



2 bdrms

269







36



<2 bdrms

. . . . 0 0 0 0       QD QD                

146

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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