the rennie review - November 2020

DETACHED  OCTOBER  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 14 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

-

48 %

28 % DOWN

11 % UP

44 % UP

The 269 detached listings in North Vancouver in October were down 13% from September and 28% below October 2019. The 128 detached sales in October represented a 4% decrease vs September but were 44% above October 2019. The sales-to-listings ratio increased to 48%, as North Vancouver’s detached segment remained a seller’s market. The detached benchmark price in October was $1.67M—up 1.1% month-over-month and 14% above this time last year. The average sold price was $1.88M in October, 2% above September and 11% higher year-over-year.

VS 

VS 

VS 

VS 

VS 

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 308 133 43%

% Change

No. 375

% Change

TOTAL LISTINGS

269 128 48%

-13% -4% 10%

-28% 44% 100%

TOTAL SALES

89

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

24%

$1,665,100 $1,647,300 1.1% $1,465,700

14% 11%

$1,884,689 $1,841,540

2% $1,698,322

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.67

$1.61

$1.56

$1.55

$1.55

$1.51

$1.47

1.74

1.72

1.69

1.63

1.62

1.57

375

344

336

288

274

269

209

128

103

89

84

71

56

38

Oct-19

Sep-20

Oct-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

            . . . 0 0 0 0 0 QD QD QD                      S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET       

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 November 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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