the rennie review - August 2022

north vancouver TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS 2021

▲ 8% VS 2021

▲ 31% VS 2021

▼ 34% VS 2021

Therewere81 townhom elistingsin N orth Vancouverin July,16% aboveJuneand 31% higherthan July2021. Julytownhom esalesdecreased by48% m onth-over-m onth,to21,and were34% below July 2021. Thesales-to-listing ratio fortow nhom esin N orth Vancouver,at26% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$1,300,000,a 6% decreasefrom Juneand 8% aboveJuly2021. Theaveragesold pricewas$1,255,252,12% below last m onth;theaveragePSF salepricewas$775,down 14% tolastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21 81

32 62

-50% -34% 31%

40 70

-14% -12% -6% -55% -48% 16%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

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

$732 $1,288,780 $1,208,500 52%

$899 $1,420,708 $1,377,500 57%

6% -3% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

81

63

70

58

62

55

51

48

52

40

39

38

48

45

33

29

39

38

32

37

36

30

25

21

18

16

$1.34M $1.38M $1.38M $1.40M

$1.35M $1.33M $1.38M $1.30M

$1.21M $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

5

4+ bdrms

9

20

11

15

3 bdrms

46

10

35%

33% 33% 32%

5

2 bdrms

5

23

14%

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 1 33%

6 2 33%

19 6 32%

26 9 35%

22 3 14%

5 0 n/a

3

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