data pack: the vancouver rennie review | March 2025

port moody DETACHED - FEBRUARY 2 0 2 5

SALES TO LISTINGS RATIO 11% BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 24% VS 2024

▲ 7% VS 2024

▲ 107% VS 2024

▲ 43% VS 2024

There were 89 detached listings in Port Moody in February, 7% above January and 107% higher than February 2024. February detached home sales increased by 25% month-over-month, to 10, and were 43% above February 2024. The sales-to-listing ratio for detached in Port Moody, at 11%, re(ected a buyers' market.

THIS MONTH No.

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE

10 89

$1,755,286 $1,700,000 16% 7 43

24% 7% -31% 43% 107%

$2,776,000 $2,450,000 10% 8 83

-21% -26% 17% 25% 7%

The detached median price in February was $1,825,000, a 26% decrease from January and 7% above February 2024.

$2,179,200 $1,825,000 11%

The average sold price was $2,179,200, 21% below last month and up 24% to February 2024.

▶ RATIO OF MEDIAN PRICES

▶ RECENT TRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

110

120

104

117

90

2.99

83

97

89

73

83

68

54

43

1.95

20

17

1.72

15

13

11

11

8

8

6

6

10

7

12

1.35

1.23

1.12

$2.45M

$2.29M

$2.05M $2.22M

$2.04M $2.08M $1.90M

$1.86M $1.89M $1.95M

$1.83M

$1.70M

$1.65M

24-Feb

25-Jan

25-Feb

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY ● S-L RATIO

20

15

10

32%

5

13%

10%

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

2 0 n/a

3 0 n/a

19 6 32%

21 2 10%

13 0 n/a

16 2 13%

7 0 n/a

4 0 n/a

4 0 n/a

Copyright © 2025 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 March 10, 2025. 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. 35 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online