the vancouver rennie review | August 2024

port moody TOWNHOME - JULY 2 0 2 4

SALES TO LISTINGS RATIO 41% SELLERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▲ 6% VS 2023

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 8% VS 2023

▲ 15% VS 2023

▲ 34% VS 2023

▼ 24% VS 2023

There were 39 townhome listings in Port Moody in July, no change to June and 34% higher than July 2023. July townhome sales increased by 14% month-over-month, to 16, and were 24% below July 2023. The sales-to-listing ratio for townhomes in Port Moody, at 41%, reflected a sellers' market. The townhome median price in July was $1,075,750, a 2% increase from June and 15% above July 2023. The average sold price was $1,097,431, 1.2% above last month; the average PSF sale price was $726, down 0.2% 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

16 39

21 29

6% 8% 15% -43% -24% 34%

14 39

14% 14% 0%

$726 $1,097,431 $1,075,750 41%

$685 $1,011,943 $933,000 72%

$728 $1,083,993 $1,050,000 36%

-0.2% 1.2% 2%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● JUL 2023 ● JUL 2024

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

37

39

39

31

29

28

25

23

21

20

24

22

21

16

13

17

14

14

12

12

12

10

8

7

7

$1.11M

$1.09M $1.04M $1.08M $1.05M $1.08M

$1.00M

$970K

$955K

$933K

$929K

$915K

$874K

PORT MOODY

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

12

3

10

4+ bdrms

13

8

60%

12

3 bdrms

50%

6

19

36%

4

25%

1

20%

2 bdrms

7

2

0

<2 bdrms

<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+

S-L RATIO SALES INVENTORY

1 0 n/a

4 1 25%

10 6 60%

8 4 50%

11 4 36%

5 1 20%

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. 36 ●

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