the rennie review - October 2022

north vancouver TOWNHOME-SEPTEMBER 202

SALES TO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY Therewere100 townhom elistingsin N orth Vancouverin Septem ber,20% aboveAugustand 122% higherthan Septem ber2021. Septem bertownhom esalesincreased by11% m onth-over-m onth,to20,and were33% below Septem ber2021. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at20% ,reflected abalanced m arket. Thetownhom em edian pricein Septem berwas $1,182,950,a7% decreasefrom Augustand 8% below Septem ber2021. Theaveragesold pricewas$1,178,245,5% below last m onth;theaveragePSF salepricewas$813,down 5% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 10% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▼ 8% VS 2021

▲ 122% VS 2021

▼ 33% VS 2021

THISMONTH No. $813 $1,178,245 $1,182,950 20% 20 100

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

30 45

-70% -33% 122%

18 83

-5% -5% -7% -8% 11% 20%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$739 $1,250,383 $1,290,000 67%

$859 $1,235,360 $1,272,500 22%

10% -6% -8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

100

80

83

63

58

69

55

51

48

40

39

45

48

33

29

39

38

37

30

36

20

25

21 18

18

16

$1.34M $1.38M $1.38M $1.40M

$1.35M $1.33M $1.38M $1.30M

$1.29M $1.28M $1.29M

$1.27M $1.18M

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

30

1

4+ bdrms

25

12

20

14

3 bdrms

15

60

41%

33%

10

4

24%

2 bdrms

25

5

7%

3%

0

1

<$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

3 1 33%

7%

27 11 41%

25 6 24%

29 1 3%

2 0 n/a

3

14 1

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