north vancouver TOWNHOME - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 35% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 26% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2023
▲ 10% VS 2023
▲ 21% VS 2023
▼ 9% VS 2023
There were 49 townhome listings in North Vancouver in January, 7% above December and 9% lower than January 2023. January townhome sales decreased by 15% month-over-month, to 17, and were 21% above January 2023. The sales-to-listing ratio for townhomes in North Vancouver, at 35%, reflected a sellers' market. The townhome median price in January was $1,425,000, a 26% increase from December and 10% above January 2023. The average sold price was $1,384,788, 17% above last month; the average PSF sale price was $978, up 16% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 49
14 54
26% 3% 10% 34% 21% -9%
20 46
16% 17% 26% -20% -15% 7%
$978 $1,384,788 $1,425,000 35%
$775 $1,338,707 $1,295,000 26%
$846 $1,178,801 $1,134,950 43%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
89
82
76
68
67
66
63
54
56
56 34
49
52
47
46
34
32
30
32
28
25
23
17
21
20
14
$1.48M
$1.43M
$1.38M
$1.35M $1.37M $1.33M $1.43M
$1.30M $1.38M $1.39M $1.32M
$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
6
4+ bdrms
15
12
7
10
3 bdrms
24
43% 44%
29%
4
5
2 bdrms
12
13%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
1
S-L RATIO SALES INVENTORY
0 1 n/a
8 1 13%
7 3 43%
16 7 44%
17 5 29%
1 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 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. 33 ●
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