the rennie review - May 2021

northvancouver TOWNHOME-APRIL 2021

SALESTO LISTINGSRATIO 88% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 8% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 28% VS2020

▲ 30% VS2020

▼ 4% VS2020

▲ 863% VS2020

Therewere88townhomelistingsinNorthVancouverin April,6%belowMarchand4%lowerthanApril2020. Apriltownhomesalesincreasedby1.3% month-over-month,to77,andwere863%aboveApril 2020. Thesales-to-listingratiofortownhomesinNorth Vancouver,at88%,reflectedaseler'smarket. ThetownhomemedianpriceinAprilwas$1,191,200,a 3%increasefromMarchand30%aboveApril2020. Theaveragesoldpricewas$1,187,898,1.8%abovelast month;theaveragePSFsalepricewas$731,up2%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

77 88

$674 $931,238 $915,000 9% 8 92

906% 863% -4%

76 94

2% 1.8% 3% 8% 1.3% -6%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$731 $1,187,898 $1,191,200 88%

$714 $1,166,529 $1,160,500 81%

8% 28% 30%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

121

109

104

17

13

94

100

92

97

77 88

76

75

73

57

68

67

45

39

38

27

42

41

37

34

8

$1.19M

$1.18M

$1.16M $1.16M

$1.09M

$1.06M

$1.05M

$1.05M

$1.04M

$1.01M

$1.00M

$981K

$915K

NORTHVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

30

11

100%+

25

4+bdrms

18

87%

86%

80%

20

52

3bdrms

15

51

50%

37%

10

12

2bdrms

18

5

0

2

<$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

5 4 80%

15 13 87%

19 28 147%

28 24 86%

19 7 37%

2 1 50%

1

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 27 ●

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