the rennie review - August 2019

DETACHED - JULY 2019 north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 10 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

-

46 % UP

BALANCED 19 %

6 % DOWN

20 % DOWN

The 391 detached listings in North Vancouver in July 2019 were 12% lower vs June and 20% below July 2018. The 76 detached sales in July were down by 7% com- pared to the previous month but were 46% above July of last year. The sales-to-listings ratio slightly increased to 19%, as North Vancouver’s detached segment remained in a balanced market. The detached benchmark price in July was $1.49M—2% below June and 10% below last year. The average sold price was $1.62M in July, 4% lower month-over-month and down 6% year-over-year.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 446

% Change

No. 489

% Change

TOTAL LISTINGS

391

-12%

-20% 46% 83%

TOTAL SALES

76

82

-7%

52

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

19%

18%

6%

11%

$1,488,600 $1,524,800 $1,622,265 $1,683,485

-2% $1,652,400 -10%

-4% $1,728,977

-6%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.65

$1.58

$1.57

2.76

$1.51

$1.51

$1.51

$1.49

2.71

2.68

507

475

489

471

399

391

365

1.61

1.60

1.58

105

76

70

52

41

40

35

Jul-18

Jun-19

Jul-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

  



  

SELLER'S MARKET

BALANCED

BUYER'S MARKET

    











. . . 0 0 0 0 0 QD QD                      

S-L RATIO SALES INVENTORY

CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.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