the rennie review | September 2023

north vancouver DETACHED -AUGUST 2023

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2022

▲ 27% VS 2022

▼ 6% VS 2022

▼ 14% VS 2022

Therewere193 detached listingsin N orth Vancouverin August,0.5% aboveJulyand 6% lowerthan August2022. Augustdetached hom esalesdecreased by38% m onth-over-m onth,to36,and were14% below August 2022. Thesales-to-listing ratio fordetached in N orth Vancouver,at19% ,reflected abalanced m arket.

THISMONTH No. $2,322,972 $2,335,000 19% 36 193

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

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

10% 27% -9% -14% -6%

$2,292,138 $2,070,500 30% 58 192

1.3% 13% -38% -38% 0.5%

Thedetachedm edian pricein Augustwas$2,335,000,a 13% increasefrom Julyand 27% aboveAugust2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,322,972,1.3% abovelast m onth and up 10% toAugust2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

236

210

210

195

205

193

1.82

192

160

1.74

1.65

1.64

170

161

1.56

1.44

105

133

122

89

17

64

62

55

78

47

58

42

36

50

18

25

$2.34M

$2.20M $2.07M

$2.14M $2.25M

$2.01M $1.93M $1.91M

$1.86M $1.86M $1.99M

$1.84M $1.85M

22-Aug

23-Jul 23-Aug

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

50

40

30

20

27%

26%

24%

10

7%

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

3 0 n/a

1 0 n/a

3 0 n/a

42 10 24%

48 13 27%

35 9 26%

61 4 7%

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