the rennie review - August 2021

northvancouver TOWNHOME-JULY 2021

SALESTO LISTINGSRATIO 52% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 5% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 23% VS2020

▲ 15% VS2020

▼ 47% VS2020

▼ 22% VS2020

Therewere62townhomelistingsinNorthVancouverin July,14%belowJuneand47%lowerthanJuly2020. Julytownhomesalesdecreasedby46% month-over-month,to32,andwere22%belowJuly 2020. Thesales-to-listingratiofortownhomesinNorth Vancouver,at52%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$1,208,500,a 0.7%increasefromJuneand15%aboveJuly2020. Theaveragesoldpricewas$1,288,780,7%abovelast month;theaveragePSFsalepricewas$732,up0.7%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

32 62

$700 $1,045,543 $1,049,000 35% 41 117

5% 23% 15% 47% -22% -47%

59 72

0.7% 7% 0.7% -37% -46% -14%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$732 $1,288,780 $1,208,500 52%

$727 $1,208,483 $1,200,000 82%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

121

17

104

13

94

88 86

100

76

75

72

77

73

57

62

68

67

45

59

38

51

41

42

37

34

32

$1.21M

$1.19M

$1.20M

$1.18M

$1.16M $1.16M

$1.15M

$1.09M

$1.06M

$1.05M

$1.05M

$1.04M

$981K

NORTHVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

25

7

100%

4+bdrms

20

11

85%

15

19

63%

3bdrms

35

50%

10

6

22%

2bdrms

5

14

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

3 0 n/a

5 5 100%

13 11 85%

23 5 22%

16 10 63%

2 1 50%

2

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 27 ●

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