the rennie review - August 2022

north vancouver DETACHED -JULY 202

SALES TO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▲ 7% VS 2021

▲ 13% VS 2021

▼ 37% VS 2021

Therewere221 detached listingsin N orth Vancouverin July,9% below Juneand 13% higherthan July2021. July detached hom esalesdecreased by 29% m onth-over-m onth,to45,and were37% below July 2021. Thesales-to-listing ratio fordetached in N orth Vancouver,at20% ,reflected abalanced m arket.

THISMONTH No. $2,096,929 $2,020,000 20% 45 221

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$2,231,676 $1,890,000 36% 71 195

-44% -37% 13%

$2,157,936 $2,025,000 26% 63 242

-3% -0.2% -22% -29% -9%

Thedetachedm edian pricein Julywas$2,020,000,a 0.2% decreasefrom Juneand 7% aboveJuly2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,096,929,3% below last m onth and down 6% toJuly2021.

-6% 7%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

242

221

198

195

219

1.80

178

1.73

1.71

143

1.56

1.55

127

157

156

1.47

135

17

78

95

93

63

92

71

79

79

79

71

71

45

56

37

$2.32M $2.27M $2.20M

$2.15M $2.20M

$2.15M $2.20M $2.25M $2.30M

$2.03M $2.02M

$1.89M $1.88M

Jul-21

Jun-22

Jul-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

60

50

40

30

35%

20

31%

30%

10

7%

7%

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 0 n/a

1 0 n/a

13 4 31%

54 16 30%

51 18 35%

44 3 7%

57 4 7%

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