the rennie review - May 2019

DETACHED  APRI L  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 12 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

7 % UP

4 % UP

32 % DOWN

BALANCED 12 %

-

The 448 detached listings in North Vancouver in April 2019 were 10% above March and 4% higher than in April 2018. The 53 detached sales in April were down by 24% compared to the previous month and were 32% below April of last year. The sales-to-listings ratio decreased to 12%, as North Vancouver’s detached segment remained in a balanced market. The detached benchmark price in April was $1.50M—virtually unchanged from last month and 12% below last year. The average sold price was $1.97M in April, up 18% vs last month and 7% above last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 407

% Change

No. 429

% Change

TOTAL LISTINGS

448

10% -24% -31%

4%

TOTAL SALES

53

70

78

-32% -35%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

12%

17%

18%

$1,499,400 $1,502,600 -0.2% $1,703,400 -12%

$1,971,036 $1,677,007

18% $1,843,874

7%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

MILLIONS

$1.70

$1.68

$1.65

$1.59

2.74

$1.54

2.65

$1.50

2.64

$1.49

510

507

464

448

429

395

1.65

1.58

1.57

327

79

78

69

53

41

37

32

Apr-18

Mar-19

Apr-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY SL RATIO

   



  

SELLER'S MARKET

BALANCED

BUYER'S MARKET

    













. . . 0 0 0 0 0 QD                       

S-L RATIO SALES INVENTORY

CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

Made with FlippingBook - professional solution for displaying marketing and sales documents online