the rennie review - April 2021

CONDO  MARCH  north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE 3 % UP

BENCHMARK PRICE 5 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

105 % UP

SELLER’S 84 %

22 % DOWN

4 % UP

The number of condo listings in North Vancouver increased to 242 in March, 4% higher month-over- month but 22% below March 2020. Condo sales were 44% higher month-over-month, at 203, and increased 105% year-over-year. The sales-to-listings ratio increased to 84%, as the condo market for North Vancouver remained in seller’s market territory. The condo benchmark price, at $615,200, was 3% higher month-over-month and 5% higher year-over-year. The average sold price of $767,188 was up 1.2% vs February, while at $860, the average PSF sales price was 1.9% higher month-over-month.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 233 141 61%

% Change

No. 311

% Change

TOTAL LISTINGS

242 203 84%

4%

-22% 105% 164%

TOTAL SALES

44% 39%

99

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

32%

$615,200 $600,000 $767,188 $757,865

3% $584,800 1.2% $739,450

5% 4% 3%

$860

$844

1.9%

$837

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$584,800 $577,200 $582,600 $586,300 $585,300 $591,400 $615,200

503

429

420

321

311

256

242

140

128

120

99

92

203

54

NORTH VANCOUVER REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

11



3+ bdrms

BUYER'S MARKET



23











121



2 bdrms

144











71



<2 bdrms

. . . . 0 0 0 0                        

75

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 April 6, 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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