the rennie review - November 2021

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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