the rennie review - November 2020

TOWNHOME  OCTOBER  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE 9 % UP

BENCHMARK PRICE 10 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

15 % DOWN

5 % UP

50 % UP

SELLER’S 59 %

At 97, the number of townhome listings in North Vancouver was down 25% vs last month and 15% below October 2019. The 57 townhome sales in October were up 36% from September and 50% above October 2019. The sales-to-listings ratio rose to 59%, as North Vancouver’s townhome market remained favourable to sellers. October’s benchmark price was $1.03M, increasing 1.7% from September and 10% above October of last year. The average sold price was $1.08M (2% below September) while the average PSF sales price was $698 (a 7% increase from September).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 129

% Change

No. 114

% Change

TOTAL LISTINGS

97 57

-25% 36% 80%

-15% 50% 76% 10%

TOTAL SALES

42

38

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

59%

33%

33%

$1,026,400 $1,009,100 1.7% $936,300

$1,084,185 $1,110,820

-2% $1,031,868

5% 9%

$698

$653

7%

$638

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$1,014,900 $1,026,400

$936,300 $924,800 $947,400 $983,200 $989,000

132

117

114

104

97

87

70

57

45

39

38

26

21

8

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  

 

BALANCED



13

BUYER'S MARKET

4+ bdrms



20







30



3 bdrms



43







14



<3 bdrms

. . . . 0 0 0 0 QD QD                      

34

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 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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