the rennie review - March 2021

DETACHED  FEBRUARY  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 15 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

-

54 %

41 % DOWN

21 % UP

24 % UP

The 163 detached listings in North Vancouver in February were up 5% from January but 41% below February 2020. The 88 detached sales in February were 87% higher vs January and were 24% above February 2020. The sales-to-listings ratio increased to 54%, as North Vancouver’s detached segment remained a seller’s market. The detached benchmark price in February was $1.78M—up 4% month-over-month and 15% above this time last year. The average sold price was $2.11M in February, 0.2% above January and 21% higher year-over-year.

VS 

VS 

VS 

VS 

VS 

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 155

% Change

No. 274

% Change

TOTAL LISTINGS

163

5%

-41% 24% 108%

TOTAL SALES

88

47

87% 78%

71

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

54%

30%

26%

$1,783,200 $1,722,300

4% $1,546,400

15% 21%

$2,106,287 $2,102,049 0.2% $1,745,013

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.78

$1.70

$1.67

$1.61

$1.56

$1.55

$1.55

1.73

1.73

1.72

1.69

1.65

1.63

344

337

287

289

274

163

158

128

103

84

88

71

80

38

Feb-20

Jan-21

Feb-21

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

          . . . 0 0 0 0 0 QD QD QD                      S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET       

Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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