the rennie review - January 2021

DETACHED - DECEMBER 2020 north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 13 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

-

58 %

34 % DOWN

0.2 % UP

45 % UP

The 139 detached listings in North Vancouver in December were down 41% from November and 34% below December 2019. The 81 detached sales in December were 14% lower vs November but were 45% above December 2019. The sales-to-listings ratio increased to 58%, as North Vancouver’s detached segment remained a seller’s market. The detached benchmark price in December was $1.70M—up 1.9% month-over-month and 13% above this time last year. The average sold price was $1.85M in December, 4% below November but 0.2% higher year-over-year.

VS 2019

VS 2019

VS 2019

VS 2019

VS 2019

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 234

% Change

No. 210

% Change

TOTAL LISTINGS

139

-41% -14% 45%

-34% 45% 119%

TOTAL SALES

81

94

56

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

58%

40%

27%

$1,702,600 $1,671,500 1.9% $1,513,300

13%

$1,849,730 $1,921,579

-4% $1,846,728 0.2%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

(MILLIONS)

$1.70

$1.67

$1.61

$1.56

$1.55

$1.55

$1.51

1.76

1.72

1.69

1.67

1.64

1.62

345

337

289

286

275

210

139

128

103

84

71

56

38

81

Dec-19

Nov-20

Dec-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

S-L RATIO

        

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET







 



. . . 0 0 0 0 0 QD QD QD                     

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 January 6, 2021. 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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