the rennie review - September 2022

north vancouver DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY Therewere205 detached listingsin N orth Vancouverin August,-7% below Julyand 31% higherthan August 2021. Augustdetached hom esalesdecreased by7% m onth-over-m onth,to42,and were41% below August 2021. Thesales-to-listing ratio fordetached in N orth Vancouver,at20% ,reflected abalanced m arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.3% VS 2021

▼ 2% VS 2021

▲ 31% VS 2021

▼ 41% VS 2021

THISMONTH No. $2,120,667 $1,835,000 20% 42 205

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$2,094,438 $1,880,000 46% 71 156

1.3% -2% -55% -41% 31%

$2,096,929 $2,020,000 20% 45 221

-7% -7%

Thedetachedm edian pricein Augustwas$1,835,000,a 9% decreasefrom Julyand 2% below August2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

1.1% -9% 0.6%

Theaveragesold pricewas$2,120,667,1.1% abovelast m onth and up 1.3% toAugust2021.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

242

219

198

221

205

1.89

178

1.82

1.80

143

156

1.55

157

127

1.47

1.44

135

17

78

95

93

92

63

71

79

79

79

71

56

42

45

37

$2.20M $2.03M $2.02M

$2.15M $2.20M $2.15M $2.20M $2.25M $2.30M $2.32M $2.27M

$1.88M

$1.84M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

100%

50

88%

40

30

20

26%

19%

10

13%

9%

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-L RATIO SALES INVENTORY

1 1 100%

1 0 n/a

0 1 n/a

8 7 88%

58 15 26%

45 6 13%

37 7 19%

55 5 9%

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

32

Made with FlippingBook - professional solution for displaying marketing and sales documents online