the rennie review- December 2022

north vancouver TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 15% BALANCEDMARKET

▶ MARKETSUMMARY Therewere80 townhom elistingsin N orth Vancouverin N ovem ber,11% below O ctoberand 67% higherthan N ovem ber2021. N ovem bertownhom esalesdecreased by71% m onth-over-m onth,to12,and were68% below N ovem ber2021. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at15% ,reflected abalanced m arket. Thetownhom em edian pricein N ovem berwas $1,195,000,a4% decreasefrom O ctoberand 7% below N ovem ber2021. Theaveragesold pricewas$1,229,492,1.7% below last m onth;theaveragePSF salepricewas$704,down 13% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 12% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2021

▼ 7% VS 2021

▲ 67% VS 2021

▼ 68% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

12 80

38 48

-12% -4% -7% -81% -68% 67%

41 90

-13% -1.7% -4% -67% -71% -11%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$704 $1,229,492 $1,195,000 15%

$801 $1,283,532 $1,288,000 79%

$811 $1,250,294 $1,249,900 46%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

100

80

90

80

83

63

58

69

51

48

41

40

39

48

33

38

29

39

37

36

21

20

18

18

16

12

$1.34M $1.38M $1.38M $1.40M

$1.35M $1.33M $1.38M $1.30M

$1.29M

$1.27M $1.18M $1.25M $1.20M

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

1

4+ bdrms

14

20

8

15

3 bdrms

44

40%

10

31%

3

2 bdrms

16%

5

17

4%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

5 0 n/a

5 2 40%

16 5 31%

25 4 16%

26 1 4%

3 0 n/a

5

Copyright© Decem ber5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 33 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online