northvancouver CONDO-APRIL 202
SALESTO LISTINGSRATIO 57% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 21% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 17% VS2021
▲ 12% VS2021
▼ 21% VS2021
▼ 40% VS2021
Therewere219condolistingsinNorthVancouverin April,13%aboveMarchand21%lowerthanApril2021.
Aprilcondosalesdecreasedby23%month-over-month, to124,andwere40%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 74% 206 277
%Change
No. 84% 162 193
%Change
Thesales-to-listingratioforcondosinNorthVancouver, at57%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
57% 124 219
21% 17% 12% -24% -40% -21%
-33% -23% 13%
ThecondomedianpriceinAprilwas$788,014,a8% decreasefromMarchand12%aboveApril2021. Theaveragesoldpricewas$954,061,8%abovelast month;theaveragePSFsalepricewas$1,060,up4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,060 $954,061 $788,014
$1,024 $886,452 $852,500
4% 8% -8%
$877 $812,314 $701,750
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
293
267
277
248
219
193
206
222
178
208
208
162
137
171
135
133
162
124
135
135
132
15
104
99
87
$853K
$800K
$807K
$788K
$755K
$745K
$710K
$702K
$700K
$705K
$682K
$670K
$675K
NORTHVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
50
4+bdrms
3
88%
78% 76%
40
69%
12
3bdrms
30
18
43%
20
32%
59
2bdrms
17%
10
125
0
53
<$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
4 0 n/a
27 21 78%
55 42 76%
47 20 43%
24 21 88%
13 9 69%
30 5 17%
19 6 32%
73
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 31 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online