the rennie review - October 2019

TOWNHOME - SEPTEMBER 2019 north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 8 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

14 % DOWN

1.7 % UP

6 % UP

5 % UP

BALANCED 18 %

At 116, the number of townhome listings in North Vancouver were down 9% vs last month but 6% above September 2018. The 21 townhome sales in September were down by 8 from August but 1 above September 2018. The sales-to-listings ratio dipped to 18%, as North Vancouver’s townhome market transitioned to a balanced market. September’s benchmark price was $937,100, 2% below August and down 8% from September of last year. The average sold price was $1.01M (5% above August) while the average PSF sales price was $557 (6% lower vs August).

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 128

% Change

No. 109

% Change

TOTAL LISTINGS

116

-9%

6% 5%

TOTAL SALES

21

29

-28% -20%

20

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

18%

23%

18%

-1.3%

$937,100 $960,200 $1,009,024 $961,612

-2% $1,021,900 5% $992,295

-8%

1.7% -14%

$557

$592

-6%

$649

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$1,021,900 $1,014,900 $979,900 $952,700 $953,200 $944,100 $937,100

147

147

134

130

116

109

105

41

28

22

21

21

20

12

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY S-L RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

2



4+ bdrms

BUYER'S MARKET

20







15

3 bdrms





57











4





<3 bdrms

. . . . 0 0 0 0 QD QD                      

39

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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