north vancouver DETACHED - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 9% VS 2023
▲ 13% VS 2023
▲ 17% VS 2023
▲ 106% VS 2023
There were 143 detached listings in North Vancouver in January, 1.4% below December and 17% higher than January 2023. January detached home sales increased by 23% month-over-month, to 37, and were 106% above January 2023.
THIS MONTH No. $2,185,051 $2,099,000 26% 37 143
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for detached in North Vancouver, at 26%, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,007,917 $1,862,500 15% 18 122
9% 13% 75% 106% 17%
$2,151,667 $2,075,000 21% 30 145
1.6% 1.2% 25% 23% -1.4%
The detached median price in January was $2,099,000, a 1.2% increase from December and 13% above January 2023. The average sold price was $2,185,051, 1.6% above last month and up 9% to January 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
249
242
211
210
195
1.83
1.76
193
160
192
1.68
1.63
170
143
145
1.47
122
1.44
104
133
89
64
58
54
51
47
78
58
37
35
18
30
$2.35M
$2.20M $2.07M
$2.14M $2.25M
$2.01M $2.03M $2.12M $2.08M $2.10M
$1.86M $1.86M $1.99M
23-Jan
23-Dec
24-Jan
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
60
100%
50
40
30
43%
20
10
11%
5%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
2 0 n/a
1 0 n/a
2 0 n/a
18 18 100%
28 12 43%
35 4 11%
57 3 5%
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 February 7, 2024. All data from Real Estate Board of 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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