the rennie review - July 2020

DETACHED  JUNE  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 3 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

-

26 %

27 % DOWN

9 % UP

2 % UP

The 329 detached listings in North Vancouver in June were up 11% fromMay but 27% below June 2019. The 84 detached sales in June represented a 65% increase vs May and were 2% above June 2019. The sales-to-listings ratio increased to 26%, as North Vancouver’s detached segment transitioned to a seller’s market. The detached benchmark price in June was $1.56M—1.3% higher month-over-month and 3% above this time last year. The average sold price was $1.84M in June, 6% above May and 9% higher year-over-year.

VS 

VS 

VS 

VS 

VS 

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 297

% Change

No. 452

% Change

TOTAL LISTINGS

329

11% 65% 49%

-27%

TOTAL SALES

84

51

82

2%

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

26%

17%

18%

41%

$1,563,500 $1,543,800 1.3% $1,524,800

3% 9%

$1,839,609 $1,742,914

6% $1,683,485

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.56

$1.55

$1.55

$1.52

$1.51

$1.48

$1.47

1.72

1.71

1.69

1.61

1.58

1.58

452

379

375

329

288

274

209

89

84

82

71

64

56

38

Jun-19

May-20

Jun-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

 

  

SELLER'S MARKET





BALANCED

    

BUYER'S MARKET









. . . 0 0 0 0 0  QD QD                     

S-L RATIO SALES INVENTORY

Copyright © 2020 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 July 3, 2020. All data from Real Estate Board of 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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