northvancouver DETACHED-MARCH 202
SALESTO LISTINGSRATIO 75% SELLERS'MARKET
▶ MARKETSUMMARY Therewere157detachedlistingsinNorthVancouverin March,10%aboveFebruaryand23%lowerthanMarch 2021. Marchdetachedhomesalesincreasedby48% month-over-month,to117,andwere33%belowMarch 2021. Thesales-to-listingratiofordetachedinNorth Vancouver,at75%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2021
▲ 21% VS2021
▼ 23% VS2021
▼ 33% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 86% 174 203
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
75% 117 157
15% 21% -13% -33% -23%
4% 0.7% 35% 48% 10%
$2,385,403 $2,304,000 55% 79 143
ThedetachedmedianpriceinMarchwas$2,320,000,a 0.7%increasefromFebruaryand21%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$2,469,985,4%abovelast monthandup15%toMarch2021.
$2,469,985 $2,320,000
$2,152,944 $1,912,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
266
242
225
174 203
1.661.64
183
1.651.67 1.671.71
178
195
143
157
135
127
156
18
17
128
93
78
92
79
79
71 71
71
56
37
$2.32M $2.30M
$2.25M
$2.20M
$2.20M
$2.15M
$2.15M
$1.94M
$1.93M
$1.91M
$1.88M
$1.89M
$1.88M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
50
100%
93%
40
83%
83%
30
49%
20
10
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
0 1 n/a
1 1 100%
3 0 n/a
35 29 83%
48 40 83%
27 25 93%
43 21 49%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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