the rennie review - September 2022

north vancouver CONDO -AUGUST 202

SALES TO LISTINGSRATIO 29% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere207 condolistingsin N orth Vancouverin August,12% below Julyand 0.5% lowerthan August 2021. Augustcondosalesdecreased by41% m onth-over-m onth,to61,and were38% below August 2021. Thesales-to-listing ratio forcondosin N orth Vancouver, at29% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$700,129,a3% decreasefrom Julyand 4% aboveAugust2021. Theaveragesold pricewas$760,078,9% below last m onth;theaveragePSF salepricewas$877,down 5% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 0.5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 2.0% VS 2021

▲ 4% VS 2021

▼ 0.5% VS 2021

▼ 38% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No. 44% 104 235

% Change

TOTALLISTINGS TOTALSALES

$877 $760,078 $700,129 29% 61 207

$873 $775,434 $675,000 48% 99 208

0.5% -2% 4% -38% -38% -0.5%

-33% -41% -12%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$927 $833,841 $722,500

-5% -9% -3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

248

254

235

219

193

207

178

208

208

209 152

162

162

135

132

135

104

133

124

99

15

104

96

87

61

$800K $807K $853K

$788K $814K $805K

$745K $705K $710K $755K

$723K $700K

$675K

NORTH VANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

60

50

4+ bdrms

2

40

2

3 bdrms

30

20

50%

48%

45%

20

31

2 bdrms

20%

120

10

5%

0

28

<$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

33 15 45%

56 27 48%

46 9 20%

18 9 50%

17 0 n/a

22 1 5%

15 0 n/a

65

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