the rennie review - October 2019

DETACHED - SEPTEMBER 2019 north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 8 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

44 % UP

-

BALANCED 16 %

6 % DOWN

27 % DOWN

The 371 detached listings in North Vancouver in September 2019 were virtually unchanged from August but 27% below September 2018. The 59 detached sales in September were down by 5 vs August but were 18 above September of last year. The sales-to-listings ratio slightly decreased to 16%, as North Vancouver’s detached segment remained in a balanced market. The detached benchmark price in September was $1.46M—0.8% below August and 8% below last year. The average sold price was $1.72M in September, 4% higher month-over-month but down 6% year-over-year.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 370

% Change

No. 507

% Change

TOTAL LISTINGS

371

0.3%

-27% 44% 97%

TOTAL SALES

59

64

-8% -8%

41 8%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

16%

17%

$1,463,200 $1,475,200 -0.8% $1,581,900

-8% -6%

$1,720,634 $1,661,468

4% $1,838,701

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.58

$1.57

$1.51

$1.51

$1.51

$1.49

$1.46

2.68

2.67

2.65

507

475

471

418

399

371

365

1.56

1.55

1.54

105

76

70

59

41

40

35

Sep-18

Aug-19

Sep-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

  

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET

    











. . . 0 0 0 0 0 QD QD                      

S-L RATIO SALES INVENTORY

Copyright © 2019 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 3, 2019. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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