the rennie review | September 2023

north vancouver TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 61% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere56 townhom elistingsin N orth Vancouverin August,15% below Julyand 33% lowerthan August 2022. Augusttownhom esalesincreased by36% m onth-over-m onth,to34,and were89% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at61% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,426,000,a 7% increasefrom Julyand 12% aboveAugust2022. Theaveragesold pricewas$1,366,128,5% abovelast m onth;theaveragePSF salepricewas$908,up 3% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS 2022

▲ 12% VS 2022

▼ 33% VS 2022

▲ 89% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

34 56

18 83

6% 11% 12% 180% 89% -33%

25 66

60% 36% -15%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$908 $1,366,128 $1,426,000 61%

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

$882 $1,306,008 $1,330,000 38%

3% 5% 7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

100

80

90

83

68

67

66

63

56

61

47

32 56

54

41

52

34

32

19

25

18

23

21

20

14

12

$1.35M $1.37M $1.33M $1.43M

$1.34M $1.30M $1.38M $1.39M $1.32M

$1.27M $1.18M $1.25M $1.20M

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

6

100%+

20

4+ bdrms

15

77%

15

67%

17

58%

3 bdrms

21

50%

10

36%

9

2 bdrms

5

19

0

2

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

1

S-L RATIO SALES INVENTORY

2 1 50%

4 6 150%

12 7 58%

22 8 36%

13 10 77%

3 2 67%

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