north vancouver CONDO - JULY 2 0 2 4
SALES TO LISTINGS RATIO 29% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 14% VS 2023
▲ 4% VS 2023
▲ 40% VS 2023
▼ 9% VS 2023
There were 309 condo listings in North Vancouver in July, 4% below June and 40% higher than July 2023.
July condo sales decreased by 11% month-over-month, to 89, and were 9% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 100 321
% Change
The sales-to-listing ratio for condos in North Vancouver, at 29%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$988 $943,221 $835,000 29% 89 309
$950 $824,404 $804,900 44% 98 221
4% 14% 4% -35% -9% 40%
3% 9% 14% -8% -11% -4%
The condo median price in July was $835,000, a 14% increase from June and 4% above July 2023. The average sold price was $943,221, 9% above last month; the average PSF sale price was $988, up 3% to last month.
$960 $862,699 $730,250 31%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
289
309
323 321
252
229
208
221
241
221
205
180
167
112
100
98
89
98
89
106
92
86
83
66
63
54
$836K
$835K
$829K
$828K
$821K
$811K
$814K
$815K
$805K
$799K
$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
1 1
80
4+ bdrms
60
2
3 bdrms
30
41%
40
32% 34%
30%
23%
22%
59
2 bdrms
20
189
3%
0
27
<$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
34 14 41%
87 28 32%
76 26 34%
43 13 30%
34 1 3%
18 4 22%
4 0 n/a
13 3 23%
89
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 August 6, 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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