the rennie review- December 2022

north vancouver DETACHED -NOVEMBER 202

SALES TO LISTINGSRATIO 34% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere161 detached listingsin N orth Vancouverin N ovem ber,23% below O ctoberand 27% higherthan N ovem ber2021. N ovem berdetached hom esalesdecreased by11% m onth-over-m onth,to55,and were23% below N ovem ber2021. Thesales-to-listing ratio fordetached in N orth Vancouver,at34% ,reflected aselers'm arket. Thedetached m edian pricein N ovem berwas $1,925,000,a4% decreasefrom O ctoberand 11% below N ovem ber2021. Theaveragesold pricewas$2,096,218,6% below last m onth and down 11% toN ovem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 11% VS 2021

▼ 11% VS 2021

▲ 27% VS 2021

▼ 23% VS 2021

THISMONTH No. $2,096,218 $1,925,000 34% 55 161

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$2,356,148 $2,152,000 56% 71 127

-11% -11% -39% -23% 27%

$2,238,780 $2,012,500 30% 62 210

-6% -4% 16% -11% -23%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

242

236

219

210

198

221

1.92

205

1.81

1.67

143

1.61

1.61

161

157

127

1.48

17

78

95

92

63

62

71

79

79

55

56

50

45 42

37

$2.20M $2.03M $2.02M

$2.15M $2.20M $2.25M $2.30M $2.32M $2.27M

$2.01M $1.93M

$1.84M $1.85M

Nov-21

Oct-22

Nov-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

50

40

30

55%

54%

50%

20

10

14%

11%

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-L RATIO SALES INVENTORY

1 0 n/a

1 0 n/a

0 1 n/a

10 5 50%

44 24 55%

28 15 54%

28 3 11%

49 7 14%

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