the rennie review - March 2022

northvancouver TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 108% SELLERS'MARKET

▶ MARKETSUMMARY Therewere36townhomelistingsinNorthVancouverin February,9%aboveJanuaryand52%lowerthanFebruary 2021. Februarytownhomesalesincreasedby144% month-over-month,to39,andwere47%belowFebruary 2021. Thesales-to-listingratiofortownhomesinNorth Vancouver,at108%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,380,000,a0.3%decreasefromJanuaryand19%above February2021. Theaveragesoldpricewas$1,430,967,6%abovelast month;theaveragePSFsalepricewas$858,down0.3% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 19% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2021

▲ 19% VS2021

▼ 52% VS2021

▼ 47% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

39 36

73 75

19% 21% 19% 11% -47% -52%

16 33

-0.3% 6% -0.3% 123% 144% 9%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$858 $1,430,967 $1,380,000 108%

$718 $1,185,462 $1,155,000 97%

$860 $1,346,313 $1,384,000 48%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

94 76 77 88

86

75

73

62

72

55

48

59

52

51

39

45

33

36

29

38

38

32

30

25

18

16

$1.38M

$1.38M

$1.34M

$1.29M

$1.28M

$1.29M

$1.28M

$1.20M

$1.21M

$1.19M

$1.16M $1.16M

$1.15M

NORTHVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

7

100%+

100%

100%+

100%

15

4+bdrms

6

10

19

3bdrms

16

5

29%

13 13

2bdrms

0

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

<2bdrms

S-LRATIO SALES INVENTORY

7 2 29%

7 10 143%

10 10 100%

11 16 145%

1 1 100%

1

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 30 ●

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