port moody CONDO - JULY 2 0 2 4
SALES TO LISTINGS RATIO 32% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 18% VS 2023
▼ 5% VS 2023
▼ 39% VS 2023
There were 78 condo listings in Port Moody in July, 3% below June and 18% higher than July 2023.
July condo sales decreased by 24% month-over-month, to 25, and were 39% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in Port Moody, at 32%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25 78
41 66
-48% -39% 18%
33 80
0.6% -8% -6% -22% -24% -3%
The condo median price in July was $800,000, a 6% decrease from June and 3% above July 2023. The average sold price was $808,894, 8% below last month; the average PSF sale price was $878, up 0.6% to last month.
$878 $808,894 $800,000 32%
$831 $849,697 $780,000 62%
$873 $882,552 $852,000 41%
6% -5% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
78
80
79
79
66
57
54
46
55
55
51
41
34
33
33
41
39
25
23
31
25
26
20
17
12
11
$852K
$801K
$800K
$780K
$771K
$760K
$750K
$741K
$730K
$710K
$683K
$655K
$638K
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
35
30
4+ bdrms
25
4
20
3 bdrms
50%
3
15
35%
29%
25%
10
15
2 bdrms
53
5
0
6
<$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
12 3 25%
26 9 35%
34 10 29%
4 2 50%
0 1 n/a
1 0 n/a
1 0 n/a
22
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. 37 ●
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