the rennie review - July 2021

northvancouver CONDO-JUNE 2021

SALESTO LISTINGSRATIO 51% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 9% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 13% VS2020

▲ 10% VS2020

▼ 25% VS2020

▲ 23% VS2020

Therewere267condolistingsinNorthVancouverin June,9%belowMayand25%lowerthanJune2020.

Junecondosalesdecreasedby21%month-over-month, to135,andwere23%aboveJune2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 31% 110 358

%Change

No. 58% 171 293

%Change

Thesales-to-listingratioforcondosinNorthVancouver, at51%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

51% 135 267

9% 13% 10% 65% 23% -25%

0.8% -0.4% 1.7% -13% -21% -9%

ThecondomedianpriceinJunewas$681,500,a1.7% increasefromMayand10%aboveJune2020. Theaveragesoldpricewas$728,923,0.4%belowlast month;theaveragePSFsalepricewas$857,down0.8% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$857 $728,923 $681,500

$850 $731,702 $670,000

$784 $647,315 $620,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

429

481

464

357

399

358

293

277

244

267

231

206

124 239

220

141

202

140

120

171

135

141

10

127

92

92

$720K

$702K

$699K

$697K

$690K

$675K

$682K

$670K

$665K

$647K

$645K

$624K

$620K

NORTHVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

70

4+bdrms

1

60

71%

50

67%

9

3bdrms

40

27

50%

41%

30

33%

74

20

2bdrms

19%

156

11%

10

0

52

<$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

9 3 33%

60 40 67%

75 53 71%

54 22 41%

26 13 50%

16 3 19%

9 1 11%

18 0 n/a

83

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 28 ●

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