rennie review - February 2020

TOWNHOME  JANUARY  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE 6 % UP

BENCHMARK PRICE 3 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

25 % DOWN

6 % UP

8 % DOWN

BALANCED 14 %

At 79, the number of townhome listings in North Vancouver were up 13% vs last month but 25% below January 2019. The 11 townhome sales in January were down by 10 from December and 1 below January 2019. The sales-to-listings ratio decreased to 14%, as North Vancouver’s townhome market became balanced. January’s benchmark price was $947,400, 2% above December but down 3% from January of last year. The average sold price was $970,208 (6% below December) while the average PSF sales price was $626 (3% below December).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No. 105

% Change

TOTAL LISTINGS

79 11

70 21

13% -48% -54%

-25% -8% 22% -3%

TOTAL SALES

12

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

14%

30%

11%

$947,400 $928,500 $970,208 $1,031,182

2% $979,900 -6% $913,083

6% 6%

$626

$646

-3%

$593

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$979,900 $952,700 $953,200 $944,100 $937,100 $937,100 $947,400

148

147

134

129

105

98

79

41

34

28

21

21

12

11

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



1



BUYER'S MARKET

4+ bdrms



13



9



3 bdrms

41









1



<3 bdrms

. . . . 0 0 0 0 QD QD     QD QD                

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S-L RATIO SALES INVENTORY

Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 5, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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