northvancouver CONDO-APRIL 2021
SALESTO LISTINGSRATIO
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 10% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2020
▲ 8% VS2020
▲ 5% VS2020
▲ 358% VS2020
74% SELLER'S
Therewere277condolistingsinNorthVancouverin April,14%aboveMarchand5%nochangetoApril2020.
Aprilcondosalesincreasedby1.9%month-over-month, to206,andwere358%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 83% 202 243
%Change
Thesales-to-listingratioforcondoinNorthVancouver, at74%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
74% 206 277
$805 $750,976 $650,000 17% 45 265
338% 358% 5%
0.8% -11% 2% 14%
ThecondomedianpriceinAprilwas$701,750,a0.7% increasefromMarchand8%aboveApril2020. Theaveragesoldpricewas$812,314,6%abovelast month;theaveragePSFsalepricewas$889,up2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$889 $812,314 $701,750
$869 $769,179 $696,500
10% 8% 8%
2% 6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIANPRICE
● APR 2020 ● APR 2021
429
481
464
358
357
399
277 206
243
300
265
231
124 239
219
140
141
202
120
110
141
127
92
92
45
54
$720K
$702K
$699K
$697K
$690K
$675K
$668K
$665K
$650K
$647K
$645K
$624K
$620K
NORTHVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+
80
87%
4+bdrms
81%
1
69%
60
64% 67%
15
3bdrms
25
44%
40
22%
121
20
2bdrms
160
0
70
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
9 4 44%
69 60 87%
88 61 69%
53 43 81%
20 21 105%
14 9 64%
6 4 67%
18 4 22%
91
Copyright©2020renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermissionoftherenniegroupofcompanies.CurentasofJanuary6,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbeenobtainedfromsourcesdeemedreliable,accuracycannotbeguaranteed.renniegroupofcompaniesdoesnotassumeresponsibilityorliabilityforanyinaccuracies.Therecipientoftheinformationshould takestepsastherecipientmaydeemnecessarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandassociatesadvisor. Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 28 ●
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