the rennie review - March 2021

TOWNHOME  FEBRUARY  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 9 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

13 % DOWN

21 % UP

14 % UP

185 % UP

SELLER’S 97 %

At 76, the number of townhome listings in North Vancouver was 6% above last month but 13% lower vs February 2020. The 74 townhome sales in February were up 106% from January and 185% higher vs February 2020. The sales-to-listings ratio rose to 97%, as North Vancouver’s townhome market remained favourable to sellers. February’s benchmark price was $1.04M, increasing 1.5% from January and 9% higher vs last year. The average sold price was $1.18M (3% above January) while the average PSF sales price was $719 (a 0.7% decrease from January).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

76 74

72 36

6%

87 26

-13% 185% 226%

TOTAL SALES

106%

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

97%

50%

95%

30%

$1,036,300 $1,020,700 1.5% $947,400

9%

$1,182,482 $1,143,324

3% $974,677 -0.7% $628

21% 14%

$719

$724

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$1,014,900 $1,026,400 $1,010,000 $1,036,300

$947,400 $983,200 $989,000

133

117

110

105

87

76

72

57

45

39

74

38

26

8

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



16



4+ bdrms

BUYER'S MARKET

17







36

3 bdrms



43









22



<3 bdrms

. . . . 0 0 0 0 QD QD                      

17

S-L RATIO SALES INVENTORY

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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