northvancouver DETACHED-JULY 2021
SALESTO LISTINGSRATIO 36% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2020
▲ 9% VS2020
▼ 33% VS2020
▼ 28% VS2020
Therewere195detachedlistingsinNorthVancouverin July,19%belowJuneand33%lowerthanJuly2020. Julydetachedhomesalesdecreasedby40% month-over-month,to71,andwere28%belowJuly 2020. Thesales-to-listingratiofordetachedinNorth Vancouver,at36%,reflectedaseler'smarket.
THISMONTH No. $2,231,676 $1,890,000 36% 71 195
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 49% 118 242
%Change
TOTALLISTINGS TOTALSALES
$2,072,485 $1,735,000 34% 99 290
-28% -33%
5% -1.8% -25% -40% -19%
ThedetachedmedianpriceinJulywas$1,890,000,a 1.8%decreasefromJuneand9%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
8% 9% 7%
Theaveragesoldpricewas$2,231,676,5%abovelast monthandup8%toJuly2020.
$2,127,333 $1,925,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
276
290
266
284
245
242
1.76
1.73
203
197
1.651.62
225
1.60
1.56
195
183
174
129
127
18
145
128
127 127
99
102
92
88
80
71
46
$1.91M $1.95M
$1.94M
$1.93M
$1.88M
$1.89M
$1.84M
$1.79M
$1.77M
$1.76M
$1.74M
$1.74M
$1.72M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
60
50
40
61%
56%
30
20
30%
27%
21%
10
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
2 0 n/a
1 0 n/a
5 0 n/a
9 5 56%
57 35 61%
40 12 30%
33 9 27%
48 10 21%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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