the rennie review - May 2021

northvancouver CONDO-APRIL 2021

SALESTO LISTINGSRATIO 74% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 12% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 8% VS2020

▲ 8% VS2020

▲ 5% VS2020

▲ 358% VS2020

Therewere277condolistingsinNorthVancouverin April,14%aboveMarchand5%higherthanApril2020.

Aprilcondosalesincreasedby2.0%month-over-month, to206,andwere358%aboveApril2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 83% 202 244

%Change

Thesales-to-listingratioforcondosinNorthVancouver, at74%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

74% 206 277

$782 $750,976 $650,000 17% 45 265

338% 358% 5%

0.8% -10% 2% 14%

ThecondomedianpriceinAprilwas$701,750,a0.8% increasefromMarchand8%aboveApril2020. Theaveragesoldpricewas$812,314,6%abovelast month;theaveragePSFsalepricewas$877,up2.0%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$877 $812,314 $701,750

$860 $769,179 $696,500

12% 8% 8%

2% 6%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

429

481

464

358

357

399

277 206

244

300

265

231

124 239

220

141

202

140

120

10

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

80

95%

4+bdrms

1

87%

84%

60

69%

69%

15

57%

3bdrms

25

40

44%

121

22%

2bdrms

20

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%

51 43 84%

22 21 95%

13 9 69%

7 4 57%

18 4 22%

91

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 28 ●

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