the rennie review - January 2023

north vancouver CONDO -DECEMBER 202

SALESTO LISTINGSRATIO 39% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere158 condolistingsin N orth Vancouverin D ecem ber,35% below N ovem berand 52% higherthan D ecem ber2021. D ecem bercondo salesdecreased by 22% m onth-over-m onth,to62,and were42% below D ecem ber2021. Thesales-to-listing ratio forcondosin N orth Vancouver, at39% ,reflected aselers'm arket. Thecondom edian pricein D ecem berwas$716,000,a 11% decreasefrom N ovem berand 5% below D ecem ber 2021. Theaveragesold pricewas$752,532,12% below last m onth;theaveragePSF salepricewas$851,down 8% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 9% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 8% VS2021

▼ 5% VS2021

▲ 52% VS2021

▼ 42% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 107 104

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$851 $752,532 $716,000 39% 62 158

-62% -42% 52%

$924 $851,126 $805,000 33% 79 243

-8% -12% -11% 21% -22% -35%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$933 $817,484 $755,000 103%

-9% -8% -5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

254

272 243

235

264

219

193

209 152

207

162

162

158

104

135

133

124

104

88

79

107

96

87

62

61

57

$800K $807K $853K

$805K

$788K $814K $805K

$755K

$723K $700K $712K

$716K

$653K

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

40

100%+

4+bdrms

1

84%

30

4

3bdrms

17

20

46%

38%

35%

35

26%

10

2bdrms

100

0

23

<$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

1 3 300%

19 16 84%

41 19 46%

40 14 35%

19 5 26%

13 5 38%

13 0 n/a

12 0 n/a

40

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