the rennie review - October 2022

north vancouver CONDO -SEPTEMBER 202

SALES TO LISTINGSRATIO 22% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere264 condolistingsin N orth Vancouverin Septem ber,28% aboveAugustand 6% higherthan Septem ber2021. Septem bercondo salesdecreased by 7% m onth-over-m onth,to57,and were50% below Septem ber2021. Thesales-to-listing ratio forcondosin N orth Vancouver, at22% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$712,000,a 1.7% increasefrom Augustand 4% below Septem ber 2021. Theaveragesold pricewas$823,279,8% abovelast m onth;theaveragePSF salepricewas$936,up 7% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 8% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.9% VS 2021

▼ 4% VS 2021

▲ 6% VS 2021

▼ 50% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 46% 115 248

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$936 $823,279 $712,000 22% 57 264

8% 1.9% -4% -53% -50% 6%

$877 $760,078 $700,129 29% 61 207

1.7% -27% -7% 28%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$866 $808,208 $745,000

7% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

254

248

264

235

219

193

178

209 152

208

207

162

162

135

132

104

135

133

15

124

104

96

87

57

61

$800K $807K $853K

$788K $814K $805K

$745K $705K $710K $755K

$723K $700K $712K

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

70

60

4+ bdrms

3

50

3

40

3 bdrms

25

30

30%

20

31

26%

22%

2 bdrms

18% 20%

149

10

5% 5%

0

23

<$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

50 13 26%

67 20 30%

60 13 22%

28 5 18%

20 4 20%

20 1 5%

5%

87

19 1

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