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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