the rennie review - August 2019

TOWNHOME - JULY 2019 north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 9 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

1.7 % DOWN

1.4 % DOWN

28 % UP

47 % UP

SELLER’S 22 %

The number of townhome listings in North Vancouver were down 11% vs last month, settling at 125, but were 28% above July 2018. The 28 townhome sales in July were up by 1 from June and 9 above July 2018. The sales-to-listings ratio rose to 22%, as North Vancouver’s townhome market transitioned to a seller’s market. July’s benchmark price was $944,100, virtually unchanged from June and down 9% from July of last year. The average sold price was $1.00M (virtually unchanged from June) while the average PSF sales price was $613 (4% above June).

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 140

% Change

No.

% Change

TOTAL LISTINGS

125

-11%

98 19

28% 47% 16% -9%

TOTAL SALES

28

27

4%

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

22%

19%

16%

19%

$944,100 $946,600 $1,001,079 $999,530

-0.3% $1,033,400

0.2% $1,018,816 -1.7%

$613

$591

4%

$622

-1.4%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$1,033,400 $1,021,900 $1,014,900 $979,900 $952,700 $953,200 $944,100

146

134

130

125

109

105

98

41

28

22

21

20

19

12

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY S-L RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

3



4+ bdrms

BUYER'S MARKET

21









20





3 bdrms



68









5



<3 bdrms

. . . . 0 0 0 0 QD       QD                

36

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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