northvancouver DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 13% VS2021
▲ 18% VS2021
▼ 1.3% VS2021
▼ 10% VS2021
Therewere143detachedlistingsinNorthVancouverin February,55%aboveJanuaryand1.3%lowerthan February2021. Februarydetachedhomesalesincreasedby113% month-over-month,to79,andwere10%belowFebruary 2021.
THISMONTH No. $2,385,403 $2,304,000 55% 79 143
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratiofordetachedinNorth Vancouver,at55%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
$2,106,287 $1,953,000 61% 88 145
13% 18% -9% -10% -1.4%
37 92
-5% 2% 37% 114% 55%
ThedetachedmedianpriceinFebruarywas$2,304,000, a2%increasefromJanuaryand18%aboveFebruary 2021. Theaveragesoldpricewas$2,385,403,5%belowlast monthandup13%toFebruary2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,506,384 $2,250,000 40%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
266
242
225
203
1.73
1.69
183
1.671.71
178
1.63
1.60
195
143
174
135
127
156
118
145
128
93
78
79
92
88
79
71 71
71
56
37
$2.30M
$2.25M
$2.20M
$2.20M
$2.15M
$2.15M
$1.91M $1.95M
$1.94M
$1.93M
$1.89M
$1.88M
$1.88M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
40
100%
100%
30
73%
50%
20
34%
29%
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-LRATIO SALES INVENTORY
1 1 100%
2 0 n/a
2 1 50%
41 14 34%
33 33 100%
26 19 73%
38 11 29%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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