the rennie review - November 2022

north vancouver DETACHED -OCTOBER 202

SALES TO LISTINGSRATIO 30% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere210 detached listingsin N orth Vancouverin O ctober,11% below Septem berand 56% higherthan October2021. O ctoberdetached hom esalesincreased by 24% m onth-over-m onth,to 62,and were33% below O ctober 2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 9% VS 2021

▼ 9% VS 2021

▲ 56% VS 2021

▼ 33% VS 2021

THISMONTH No. $2,238,780 $2,012,500 30% 62 210

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio fordetached in N orth Vancouver,at30% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$2,451,265 $2,200,000 69% 93 135

-57% -33% 56%

$2,290,020 $1,849,500 21% 50 236

39% 24% -11%

Thedetachedm edian pricein Octoberwas$2,012,500,a 9% increasefrom Septem berand 9% below O ctober 2021. Theaveragesold pricewas$2,238,780,2% below last m onth and down 9% toOctober2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

-2% 9%

-9% -9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

242

236

219

198

210

221

1.92

205

1.82

1.72

1.66

143

1.61

157

1.56

127

135

17

93

78

95

92

63

79

79

62

71

56

50

45

42

37

$2.20M $2.15M $2.20M $2.25M $2.30M $2.32M $2.27M

$2.20M $2.03M $2.02M

$1.85M $2.01M

$1.84M

Oct-21

Sep-22

Oct-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

100%

50

40

30

41%

36%

33%

20

24%

10

12%

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

1 1 100%

0 1 n/a

12 4 33%

58 24 41%

47 17 36%

33 8 24%

59 7 12%

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