the rennie review - September 2022

north vancouver TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 22% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 1.6% VS 2021

▼ 0.4% VS 2021

▲ 60% VS 2021

▼ 53% VS 2021

Therewere83 townhom elistingsin N orth Vancouverin August,4% aboveJulyand 60% higherthan August2021. Augusttownhom esalesdecreased by14% m onth-over-m onth,to18,and were53% below August 2021. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at22% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,272,500,a 2% decreasefrom Julyand 0.4% below August2021. Theaveragesold pricewas$1,235,360,1.6% below last m onth;theaveragePSF salepricewas$859,up 11% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

18 83

38 52

9% -1.6% -0.4% -70% -53% 60%

21 80

11% -1.6% -2% -17% -14% 4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$859 $1,235,360 $1,272,500 22%

$787 $1,255,887 $1,277,500 73%

$775 $1,255,252 $1,300,000 26%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

83

80

63

69

58

55

51

48

52

40

39

38

48

45

38

33

29

39

37

36

30

25

18

21

18

16

$1.34M $1.38M $1.38M $1.40M $1.35M $1.33M $1.38M

$1.30M $1.27M

$1.28M $1.29M $1.28M $1.29M

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

4+ bdrms

20

8

15

12

3 bdrms

50

50%

10

38%

6

2 bdrms

5

17%

21

9%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

3 0 n/a

8 4 50%

24 4 17%

21 8 38%

23 2 9%

4 0 n/a

4

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