northvancouver DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 69% SELLERS'MARKET
▶ MARKETSUMMARY Therewere135detachedlistingsinNorthVancouverin October,24%belowSeptemberand45%lowerthan October2020. Octoberdetachedhomesalesincreasedby18% month-over-month,to93,andwere27%belowOctober 2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 25% VS2020
▼ 45% VS2020
▼ 27% VS2020
THISMONTH No. $2,451,265 $2,200,000 69% 93 135
PREVIOUSYEAR
PREVIOUSMONTH
No. 52% 127 245
%Change
No.
%Change
Thesales-to-listingratiofordetachedinNorth Vancouver,at69%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
29% 25% 33% -27% -45%
$2,294,961 $2,150,000 44% 79 178
55% 18% -24%
ThedetachedmedianpriceinOctoberwas$2,200,000,a 2%increasefromSeptemberand25%aboveOctober 2020. Theaveragesoldpricewas$2,451,265,7%abovelast monthandup29%toOctober2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
7% 2%
$1,893,498 $1,760,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
266
245
242
225
203
197
1.82
183
178
1.72
1.68
1.671.73
195
1.56
174
127
156
18
145
127
135
128
127
80
93
92
88
79
71 71
46
$2.20M
$2.15M
$1.91M $1.95M
$1.94M
$1.93M
$1.89M
$1.88M
$1.88M
$1.84M
$1.79M
$1.76M
$1.74M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+ 100%+
40
30
20
38%
36%
35%
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
2 0 n/a
1 0 n/a
2 0 n/a
8 3 38%
27 29 107%
30 38 127%
22 8 36%
43 15 35%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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