the rennie review - January 2023

north vancouver TOWNHOME-DECEMBER 202

SALESTO LISTINGSRATIO 31% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere61 townhom elistingsin N orth Vancouverin D ecem ber,24% below N ovem berand 239% higherthan D ecem ber2021. D ecem bertownhom esalesincreased by58% m onth-over-m onth,to19,and were34% below D ecem ber2021. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at31% ,reflected aselers'm arket. Thetownhom em edian pricein D ecem berwas $1,340,000,a12% increasefrom N ovem berand 0.2% below D ecem ber2021. Theaveragesold pricewas$1,255,179,2% abovelast m onth;theaveragePSF salepricewas$824,up 17% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 3% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 8% VS2021

▼ 0.2% VS2021

▲ 239% VS2021

▼ 34% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

19 61

29 18

-3% -8% -0.2% -81% -34% 239%

12 80

17% 2% 12% 108% 58% -24%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$824 $1,255,179 $1,340,000 31%

$850 $1,363,897 $1,343,000 161%

$704 $1,229,492 $1,195,000 15%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

100

80

80

90

83

63

58

69

51

61

41

40

39

48

33

39

37

36

29

19

21

20

18

18

16

12

$1.35M $1.33M $1.38M $1.30M

$1.34M $1.38M $1.38M $1.40M

$1.34M

$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-LRATIO

20

4

4+bdrms

13

15

67%

9

3bdrms

10

30

47%

38%

6

25%

5

2bdrms

15

11%

0

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

<2bdrms

S-LRATIO SALES INVENTORY

4 1 25%

3 2 67%

16 6 38%

17 8 47%

19 2 11%

2 0 n/a

3

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