north vancouver TOWNHOME - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.5% VS 2023
▲ 54% VS 2023
▼ 1.8% VS 2023
▼ 50% VS 2023
There were 86 townhome listings in North Vancouver in August, 17% below July and 54% higher than August 2023. August townhome sales decreased by 47% month-over-month, to 17, and were 50% below August 2023. The sales-to-listing ratio for townhomes in North Vancouver, at 20%, reflected a balanced market. The townhome median price in August was $1,400,000, a 0.2% increase from July and 1.8% below August 2023. The average sold price was $1,372,871, 3% below last month; the average PSF sale price was $827, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 86
34 56
-9% 0.5% -1.8% -67% -50% 54%
$846 $1,410,250 $1,397,500 31% 32 103
0.2% -36% -47% -17%
$827 $1,372,871 $1,400,000 20%
$908 $1,366,128 $1,426,000 61%
-2% -3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
132
118
103
89
82
94
86
76
67
76
49
56
38
34
49
32
30
46
27
34
32
31
28
17
20
17
$1.48M
$1.43M
$1.43M $1.35M $1.42M $1.45M $1.34M $1.42M $1.40M $1.40M
$1.38M
$1.30M
$1.13M
NORTH VANCOUVER
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
35
7
4+ bdrms
30
14
25
7
20
3 bdrms
50
15
25% 26%
3
10
2 bdrms
14%
21
9%
5
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
0 1 n/a
11 1 9%
8 2 25%
34 9 26%
29 4 14%
2 0 n/a
2 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. 33 ●
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