the rennie review - January 2022

northvancouver DETACHED-DECEMBER 2021

SALESTO LISTINGSRATIO 72% SELLERS'MARKET

▶ MARKETSUMMARY Therewere78detachedlistingsinNorthVancouverin December,39%belowNovemberand39%lowerthan December2020. Decemberdetachedhomesalesdecreasedby21% month-over-month,to56,andwere30%below December2020. Thesales-to-listingratiofordetachedinNorth Vancouver,at72%,reflectedaselers'market. ThedetachedmedianpriceinDecemberwas$2,199,000, a2%increasefromNovemberand27%aboveDecember 2020. Theaveragesoldpricewas$2,360,534,0.2%abovelast monthandup28%toDecember2020.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 28% VS2020

▲ 27% VS2020

▼ 39% VS2020

▼ 30% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

56 78

$1,846,851 $1,738,000 63% 80 127

28% 27% 14% -30% -39%

$2,356,148 $2,152,000 56% 71 127

0.2% 2% 28% -21% -39%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,360,534 $2,199,000 72%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

266

242

225

203

1.81

1.78

183

178

1.67

195

1.64

1.601.64

174

135

127

156

18

145

127

128

127

93

80

78 56

88

79

71 71

71

46

$2.20M

$2.20M

$2.15M

$2.15M

$1.91M $1.95M

$1.94M

$1.93M

$1.89M

$1.88M

$1.88M

$1.84M

$1.74M

Dec-20

Nov-21

Dec-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

35

100%+ 100%+

30

25

20

50%

46%

15

10

27%

5

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-LRATIO SALES INVENTORY

2 0 n/a

0 1 n/a

2 0 n/a

2 1 50%

6 17 283%

20 22 110%

13 6 46%

33 9 27%

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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