rennie review - January 2020

DETACHED - DECEMBER 2019 north vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 2 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

37 % UP

-

29 %

8 % DOWN

40 % DOWN

The 190 detached listings in North Vancouver in December 2019 were down 38% from November and 40% below December 2018. The 56 detached sales in December were down by 28% vs November but were 37% above December of last year. The sales-to-listings ratio increased to 29%, as North Vancouver’s detached segment remained favourable to sellers. The detached benchmark price in December was $1.51M—1.1% above November but 2% below last year. The average sold price was $1.85M in December, 10% higher vs November but down 8% vs last year.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 306

% Change

No. 315

% Change

TOTAL LISTINGS

190

-38% -28% 16%

-40% 37% 126%

TOTAL SALES

56

78

41

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

29%

25%

13%

$1,513,300 $1,497,500 1.1% $1,545,700

-2% -8%

$1,846,728 $1,676,925

10% $2,010,781

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.55

$1.52

$1.51

$1.51

$1.50

$1.48

$1.47

1.75

1.72

1.69

1.63

1.60

1.55

454

452

378

383

374

315

190

89

82

64

56

53

41

37

Dec-18

Nov-19

Dec-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

        . . . 0 0 0 0 0 QD QD                       S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET        

Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 6, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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