the rennie review - July 2023

north vancouver DETACHED -JUNE 2023

SALES TO LISTINGSRATIO 42% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2022

▲ 9% VS 2022

▼ 13% VS 2022

▲ 41% VS 2022

Therewere210 detached listingsin N orth Vancouverin June,8% aboveM ayand 13% lowerthan June2022. Junedetached hom esalesdecreased by15% m onth-over-m onth,to89,and were41% aboveJune 2022. Thesales-to-listing ratio fordetached in N orth Vancouver,at42% ,reflected aselers'm arket.

THISMONTH No. $2,268,665 $2,200,000 42% 89 210

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 54% 105 195

% Change

TOTALLISTINGS TOTALSALES

$2,157,936 $2,025,000 26% 63 242

63% 41% -13%

-21% -15% 8%

Thedetachedm edian pricein Junewas$2,200,000,a2% decreasefrom M ayand 9% aboveJune2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,268,665,5% below last m onth and up 5% toJune2022.

$2,391,849 $2,250,000

-5% -2%

5% 9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

236

242

210

195

210

221

1.73

1.73

205

1.71

1.67

160

1.61

170

161

1.47

105

133

122

17

89

64

62

55

63

78

47

50

18

45

42

25

$2.14M $2.25M $2.20M

$2.03M $2.02M

$2.01M $1.93M $1.91M $1.86M $1.86M $1.99M

$1.84M $1.85M

22-Jun

23-M ay 23-Jun

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

50

70%

40

61%

60%

30

33%

20

14%

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-L RATIO SALES INVENTORY

2 0 n/a

1 0 n/a

0 1 n/a

1 0 n/a

5 3 60%

46 28 61%

47 33 70%

45 15 33%

63 9 14%

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