northvancouver DETACHED-MAY 2021
SALESTO LISTINGSRATIO 48% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 18% VS2020
▲ 0.3% VS2020
▲ 161% VS2020
Therewere266detachedlistingsinNorthVancouverin May,18%aboveApriland0.4%higherthanMay2020. Maydetachedhomesalesdecreasedby30% month-over-month,to128,andwere161%aboveMay 2020. Thesales-to-listingratiofordetachedinNorth Vancouver,at48%,reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 81% 183 225
%Change
TOTALLISTINGS TOTALSALES
48% 128 266
$1,786,911 $1,585,000 18% 49 265
160% 161% 0.4%
-41% -30% 18%
ThedetachedmedianpriceinMaywas$1,876,000,a3% decreasefromApriland18%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$2,158,901,3%abovelast monthandup21%toMay2020.
$2,102,156 $1,935,000
3% -3%
$2,158,901 $1,876,000
21% 18%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
306
284 276
266
290
265
245
1.72
1.70
1.63
1.62
203
197
1.59
225
1.50
183
174
129
127
145
99
128
127 127
83
102
92
88
80
49
46
$1.91M $1.95M
$1.94M
$1.88M
$1.84M
$1.79M
$1.77M
$1.76M
$1.74M
$1.74M
$1.72M
$1.71M
$1.59M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%
80
60
71%
53%
47%
40
30%
20
20%
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
1 0 n/a
1 1 100%
17 8 47%
86 61 71%
62 33 53%
40 8 20%
56 17 30%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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