northvancouver CONDO-JULY 2021
SALESTO LISTINGSRATIO 62% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 10% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 5% VS2020
▲ 8% VS2020
▼ 44% VS2020
▲ 14% VS2020
Therewere222condolistingsinNorthVancouverin July,17%belowJuneand44%lowerthanJuly2020.
Julycondosalesincreasedby1.5%month-over-month,to 137,andwere14%aboveJuly2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 30% 120 399
%Change
No. 51% 135 267
%Change
Thesales-to-listingratioforcondosinNorthVancouver, at62%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
62% 137 222
10% 5% 8% 105% 14% -44%
1.2% 0.6% 3% 22% 1.5% -17%
ThecondomedianpriceinJulywas$699,800,a3% increasefromJuneand8%aboveJuly2020. Theaveragesoldpricewas$733,493,0.6%abovelast month;theaveragePSFsalepricewas$867,up1.2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$867 $733,493 $699,800
$857 $728,923 $681,500
$790 $698,613 $646,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
429
481
464
357
399
293
277
267
244
231
206
222
124 239
220
202
140 141
171
137
120
141
135
127
92
92
$720K
$702K
$699K
$697K
$700K
$690K
$675K
$682K
$670K
$665K
$647K
$645K
$624K
NORTHVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
70
100%
60
4+bdrms
1
88%
85%
50
70%
7
40
58%
3bdrms
24
30
20
75
2bdrms
118
10
8% 9%
0
55
<$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
5 5 100%
53 31 58%
65 55 85%
43 30 70%
16 14 88%
12 1 8%
11 1 9%
17 0 n/a
79
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 28 ●
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