port moody DETACHED - JULY 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 1.4% VS 2023
▲ 56% VS 2023
▼ 6% VS 2023
There were 97 detached listings in Port Moody in July, 7% below June and 56% higher than July 2023.
July detached home sales increased by 183% month-over-month, to 17, and were 6% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for detached in Port Moody, at 18%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
17 97
18 62
4% 1.4% -40% -6% 56%
$2,468,333 $1,892,500 6% 6 104
204% 183% -7%
The detached median price in July was $1,950,000, a 3% increase from June and 1.4% above July 2023.
$2,384,794 $1,950,000 18%
$2,289,722 $1,922,500 29%
The average sold price was $2,384,794, 3% below last month and up 4% to July 2023.
-3% 3%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
104
97
2.06
73
83
69
62
1.81
1.80
62
65
64
54
47
43
42
1.34
1.23
15
15
1.20
18
11
17
9
7
7
6
6
13
12
11
$2.22M
$2.15M $2.14M
$2.05M
$2.00M
$1.92M $1.81M
$1.86M $1.89M $1.95M
$1.79M
$1.69M $1.70M
23-Jul
24-Jun
24-Jul
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
25
20
15
45%
10
17%
16%
13%
5
5%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
1 0 n/a
20 9 45%
25 4 16%
15 2 13%
21 1 5%
6 0 n/a
3 0 n/a
6 1 17%
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. 35 ●
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