northvancouver DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 56% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2020
▲ 20% VS2020
▼ 36% VS2020
▼ 23% VS2020
Therewere127detachedlistingsinNorthVancouverin November,6%belowOctoberand36%lowerthan November2020. Novemberdetachedhomesalesdecreasedby24% month-over-month,to71,andwere23%below November2020. Thesales-to-listingratiofordetachedinNorth Vancouver,at56%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $2,152,000,a2%decreasefromOctoberand20%above November2020. Theaveragesoldpricewas$2,356,148,4%belowlast monthandup22%toNovember2020.
THISMONTH No. $2,356,148 $2,152,000 56% 71 127
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,927,374 $1,792,000 47% 92 197
22% 20% 20% -23% -36%
$2,451,265 $2,200,000 69% 93 135
-19% -24% -6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
-4% -2%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
266
242
225
203
197
1.83
1.82
1.81
183
178
1.72
1.67
195
174
135
127
156
18
1.42
145
127
128
127
93
80
92
88
71
79
71 71
46
$2.20M
$2.15M
$2.15M
$1.91M $1.95M
$1.94M
$1.93M
$1.89M
$1.88M
$1.88M
$1.84M
$1.79M
$1.74M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
40
96%
30
67%
67%
62%
20
30%
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-LRATIO SALES INVENTORY
2 0 n/a
1 0 n/a
2 0 n/a
6 4 67%
25 24 96%
29 18 62%
18 12 67%
44 13 30%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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