the rennie review - July 2023

north vancouver TOWNHOME-JUNE 2023

SALES TO LISTINGSRATIO 48% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 7% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS 2022

▼ 0.9% VS 2022

▼ 3% VS 2022

▼ 20% VS 2022

Therewere67 townhom elistingsin N orth Vancouverin June,6% aboveM ayand 3% lowerthan June2022. Junetownhom esalesdecreased by32% m onth-over-m onth,to32,and were20% below June 2022. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at48% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$1,365,500,a 1.1% increasefrom M ayand 0.9% below June2022. Theaveragesold pricewas$1,376,106,1.7% abovelast m onth;theaveragePSF salepricewas$832,up 4% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

32 67

40 69

-7% -3% -0.9% -18% -20% -3%

47 63

4% 1.7% 1.1% -36% -32% 6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$832 $1,376,106 $1,365,500 48%

$899 $1,420,708 $1,377,500 58%

$797 $1,353,534 $1,350,000 75%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

100

80

80

90

83

67

69

63

67

61

47

32 56

54

41

40

52

32

19

23

21

21

20

18

14

12

$1.38M $1.30M

$1.34M $1.30M $1.38M $1.39M $1.32M $1.35M $1.37M

$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

7

100%

4+ bdrms

19

20

70%

20

15

3 bdrms

28

43% 46%

10

33%

5

2 bdrms

18

5

0

<2 bdrms

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

2

S-L RATIO SALES INVENTORY

1 1 100%

6 2 33%

10 7 70%

23 10 43%

26 12 46%

1 0 n/a

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