north vancouver DETACHED - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 29% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19% VS 2023
▲ 18% VS 2023
▲ 13% VS 2023
▼ 19% VS 2023
There were 180 detached listings in North Vancouver in March, 7% above February and 13% higher than March 2023. March detached home sales increased by 27% month-over-month, to 52, and were 19% below March 2023. The sales-to-listing ratio for detached in North Vancouver, at 29%, reflected a sellers' market.
THIS MONTH No. $2,495,037 $2,342,500 29% 52 180
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,099,157 $1,992,500 40% 64 160
19% 18% -28% -19% 13%
$2,371,184 $2,158,000 24% 41 168
18% 27% 7%
The detached median price in March was $2,342,500, a 9% increase from February and 18% above March 2023.
The average sold price was $2,495,037, 5% above last month and up 19% to March 2023.
5% 9%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
249
242
211
210
195
1.73
1.72
1.69
168
180
1.65
193
192
1.60
160
170
1.44
145
143
104
89
58
54
51
64
78
37
52
58
41
35
30
$2.35M
$2.34M
$2.20M $2.07M
$2.14M $2.25M
$2.01M $2.03M $2.12M $2.08M $2.10M $2.16M
$1.99M
23-Mar
24-Feb
24-Mar
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
40
30
58%
20
33%
31%
25%
16%
10
13%
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
6 0 n/a
3 1 33%
28 7 25%
45 26 58%
29 9 31%
37 6 16%
23 3 13%
7 0 n/a
2 0 n/a
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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings 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. 32 ●
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