the rennie review- December 2022

north vancouver CONDO -NOVEMBER 202

SALES TO LISTINGSRATIO 33% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere243 condolistingsin N orth Vancouverin N ovem ber,11% below O ctoberand 37% higherthan N ovem ber2021. N ovem bercondosalesdecreased by10% m onth-over-m onth,to79,and were40% below N ovem ber2021. Thesales-to-listing ratio forcondosin N orth Vancouver, at33% ,reflected aselers'm arket. Thecondom edian pricein N ovem berwas$805,000,a 23% increasefrom O ctoberand 13% aboveN ovem ber 2021. Theaveragesold pricewas$851,126,18% abovelast m onth;theaveragePSF salepricewas$924,up 0.9% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▲ 13% VS 2021

▲ 37% VS 2021

▼ 40% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 74% 132 178

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$924 $851,126 $805,000 33% 79 243

4% 10% 13% -56% -40% 37%

$916 $719,294 $652,500 32% 88 272

0.9% 18% 23% 0.5% -10% -11%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$891 $775,944 $709,950

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

254

272

235

264

243

219

193

178

209 152

207

162

162

133

132

104

135

124

88

104

96

79

87

61

57

$800K $807K $853K

$805K

$788K $814K $805K

$723K $700K $712K

$710K $755K

$653K

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

60

4+ bdrms

50

3

40

3

3 bdrms

30

24

46%

42%

35%

20

56

25%

24%

2 bdrms

20%

146

10

13%

0

20

<$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

4 1 25%

40 14 35%

57 24 42%

59 27 46%

33 8 24%

16 2 13%

19 0 n/a

15 3 20%

70

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. 34 ●

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