the rennie review - October 2022

north vancouver DETACHED -SEPTEMBER 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere236 detached listingsin N orth Vancouverin Septem ber,15% aboveAugustand 33% higherthan Septem ber2021. Septem berdetached hom esalesincreased by 19% m onth-over-m onth,to50,and were37% below Septem ber2021. Thesales-to-listing ratio fordetached in N orth Vancouver,at21% ,reflected aselers'm arket. Thedetached m edian pricein Septem berwas $1,849,500,a0.8% increasefrom Augustand 14% below Septem ber2021. Theaveragesold pricewas$2,290,020,8% abovelast m onth and down 0.2% toSeptem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 0.2% VS 2021

▼ 14% VS 2021

▲ 33% VS 2021

▼ 37% VS 2021

THISMONTH No. $2,290,020 $1,849,500 21% 50 236

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$2,294,961 $2,150,000 44% 79 178

-0.2% -14% -52% -37% 33%

$2,120,667 $1,835,000 20% 42 205

8% 0.8% 3% 19% 15%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

242

236

198

221

219

1.82

178

205

1.73

1.67

1.66

143

1.56

157

127

1.44

135

17

78

95

79

93

92

63

79

79

71

50

56

45

42

37

$2.20M $2.03M $2.02M

$2.15M $2.20M $2.15M $2.20M $2.25M $2.30M $2.32M $2.27M

$1.84M $1.85M

Sep-21

Aug-22

Sep-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

100%

100%

50

40

30

46%

20

17%

13%

10

10%

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

1 1 100%

1 1 100%

0 1 n/a

12 2 17%

61 28 46%

62 6 10%

38 5 13%

61 6 10%

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