north vancouver CONDO - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 44% VS 2023
▼ 4% VS 2023
▼ 13% VS 2023
There were 295 condo listings in North Vancouver in August, 5% below July and 44% higher than August 2023. August condo sales decreased by 16% month-over-month, to 75, and were 13% below August 2023. The sales-to-listing ratio for condos in North Vancouver, at 25%, reflected a sellers' market. The condo median price in August was $792,000, a 5% decrease from July and 4% below August 2023. The average sold price was $880,573, 7% below last month; the average PSF sale price was $988, down 0.0% 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
$988 $880,573 $792,000 25% 75 295
$983 $849,613 $821,000 42% 86 205
0.5% 4% -4% -39% -13% 44%
$988 $943,090 $830,000 29% 89 310
-11% -16% -5%
0% -7% -5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
289
323 321
295
310
252
229
208
241
221
205
180
167
112
100
98
89
89
86
106
75
92
83
66
63
54
$836K
$829K
$828K
$830K
$821K
$811K
$814K
$815K
$799K
$792K
$738K
$730K
$677K
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
80
4+ bdrms
1
60
4
3 bdrms
30
40
43%
35%
25%
25%
24%
45
20
2 bdrms
169
9%
3%
0
26
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
40 10 25%
82 29 35%
75 18 24%
35 15 43%
33 1 3%
15 0 n/a
4 1 25%
11 1 9%
95
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. 34 ●
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