the rennie review - August 2022

north vancouver CONDO -JULY 202

SALES TO LISTINGSRATIO 44% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 14% VS 2021

▲ 3% VS 2021

▲ 5% VS 2021

▼ 24% VS 2021

Therewere234 condolistingsin N orth Vancouverin July,8% below Juneand 5% higherthan July2021.

Julycondosalesincreased by8% m onth-over-m onth,to 104,and were24% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 62% 137 222

% Change

No.

% Change

Thesales-to-listing ratio forcondosin N orth Vancouver, at44% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

44% 104 234

7% 14% 3% -28% -24% 5%

$999 $896,771 $804,500 38% 96 253

-7% -7% -10% 17% 8% -8%

Thecondom edian pricein Julywas$722,500,a10% decreasefrom Juneand 3% aboveJuly2021. Theaveragesold pricewas$833,841,-7% below last m onth;theaveragePSF salepricewas$927,down 7% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$927 $833,841 $722,500

$867 $733,493 $699,800

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

248

253

219

234

222

193

178

209 152

208

208

162

162

137

135

132

135

133

124

104

15

104

99

96

87

$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

70

60

4+ bdrms

2

50

4

40

60%

59%

3 bdrms

52%

25

49%

30

30%

20

63

2 bdrms

129

10

9% 11%

0

37

<$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

40 24 60%

67 35 52%

45 22 49%

22 13 59%

20 6 30%

22 2 9%

18 2 11%

78

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 34 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online