north vancouver TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 41% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 16% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 2% VS 2023
▲ 36% VS 2023
▼ 3% VS 2023
There were 76 townhome listings in North Vancouver in March, 13% above February and 36% higher than March 2023. March townhome sales increased by 15% month-over-month, to 31, and were 3% below March 2023. The sales-to-listing ratio for townhomes in North Vancouver, at 41%, reflected a sellers' market. The townhome median price in March was $1,420,900, a 5% increase from February and 2% above March 2023. The average sold price was $1,432,423, 9% above last month; the average PSF sale price was $887, up 6% 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
31 76
32 56
16% 6% 2% -29% -3% 36%
27 67
6% 9% 5% 1.2% 15% 13%
$887 $1,432,423 $1,420,900 41%
$768 $1,353,075 $1,387,500 57%
$838 $1,313,485 $1,349,900 40%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
89
82
76
76
68
67
67
66
63
56
47
34 56
49
46
34
30
27
32
31
32
28
25
23
20
17
$1.48M
$1.43M $1.35M $1.42M
$1.39M $1.32M
$1.38M
$1.35M $1.37M $1.33M $1.43M
$1.30M
$1.13M
NORTH VANCOUVER
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
3
4+ bdrms
30
19
75%
25
22
56%
20
3 bdrms
39
15
32%
6
10
2 bdrms
17
5
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+
1
S-L RATIO SALES INVENTORY
6 0 n/a
8 6 75%
25 14 56%
34 11 32%
3 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. 33 ●
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