northvancouver DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY Therewere92detachedlistingsinNorthVancouverin January,18%aboveDecemberand28%lowerthan January2021. Januarydetachedhomesalesdecreasedby34% month-over-month,to37,andwere20%belowJanuary 2021. Thesales-to-listingratiofordetachedinNorth Vancouver,at40%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$2,250,000,a 2%increasefromDecemberand22%aboveJanuary 2021. Theaveragesoldpricewas$2,506,384,6%abovelast monthandup18%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2021
▲ 22% VS2021
▼ 28% VS2021
▼ 20% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
37 92
$2,127,311 $1,844,500 36% 46 127
18% 22% 11% -20% -28%
56 78
-44% -34% 18%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,506,384 $2,250,000 40%
$2,360,534 $2,199,000 72%
6% 2%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
266
242
225
203
1.78
1.73
183
178
1.69
1.64
1.63
195
1.56
174
135
127
156
18
145
127
128
93
78
92
88
79
71 71
71
56
37
46
$2.25M
$2.20M
$2.20M
$2.15M
$2.15M
$1.91M $1.95M
$1.94M
$1.93M
$1.88M
$1.89M
$1.88M
$1.84M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
35
100%
30
25
78%
20
59%
15
10
25%
15%
5
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 2 100%
17 10 59%
18 14 78%
20 3 15%
32 8 25%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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