northvancouver TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 45% SELLERS'MARKET
▶ MARKETSUMMARY Therewere55townhomelistingsinNorthVancouverin October,22%aboveSeptemberand45%lowerthan October2020. Octobertownhomesalesdecreasedby17% month-over-month,to25,andwere56%belowOctober 2020. Thesales-to-listingratiofortownhomesinNorth Vancouver,at45%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$1,280,000, a0.8%decreasefromSeptemberand22%aboveOctober 2020. Theaveragesoldpricewas$1,347,478,8%abovelast month;theaveragePSFsalepricewas$785,up6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 22% VS2020
▼ 45% VS2020
▼ 56% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
25 55
$692 $1,084,185 $1,050,000 57% 57 100
13% 24% 22% -20% -56% -45%
30 45
6% 8% -0.8% -32% -17% 22%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$785 $1,347,478 $1,280,000 45%
$739 $1,250,383 $1,290,000 67%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
104
94
100
88
86
76
75
77
73
72 59
57
68 67
52
62
55
38
51
38
45
37
34
32
25
30
$1.29M
$1.28M
$1.28M
$1.21M
$1.20M
$1.18M
$1.19M
$1.16M $1.16M
$1.15M
$1.09M
$1.05M
$981K
NORTHVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
2
15
4+bdrms
10
22
10
57% 59%
3bdrms
26
50%
40%
5
1
25%
2bdrms
15
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 0 n/a
3 0 n/a
8 2 25%
14 8 57%
17 10 59%
10 4 40%
2 1 50%
4
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 30 ●
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