north vancouver DETACHED - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.2% VS 2023
▲ 35% VS 2023
▲ 23% VS 2023
▼ 9% VS 2023
There were 261 detached listings in North Vancouver in August, 6% below July and 35% higher than August 2023. August detached home sales decreased by 39% month-over-month, to 43, and were 23% above August 2023. The sales-to-listing ratio for detached in North Vancouver, at 16%, reflected a balanced market.
THIS MONTH No. $2,347,307 $2,135,000 16% 43 261
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,342,200 $2,350,000 18% 35 193
0.2% -9% -9% 23% 35%
$2,306,963 $2,110,000 25% 70 278
1.7% 1.2% -35% -39% -6%
The detached median price in August was $2,135,000, a 1.2% increase from July and 9% below August 2023.
The average sold price was $2,347,307, 1.7% above last month and up 0.2% to August 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
280
299
293
249
242
261
278
1.77
211
1.74
1.68
1.65
168
1.53
193
1.51
180
145
143
98
76
70
58
54
51
37
69
43
35
53
41
30
$2.39M $2.45M
$2.35M
$2.35M $2.21M
$2.11M $2.13M
$2.01M $2.03M $2.12M $2.08M $2.10M $2.16M
23-Aug
24-Jul
24-Aug
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
70
60
50
40
33%
30
28%
22%
20
16%
11%
5%
10
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
7 0 n/a
6 2 33%
40 11 28%
74 16 22%
44 7 16%
54 6 11%
22 1 5%
7 0 n/a
7 0 n/a
Copyright © 2024 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 September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 32 ●
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