north vancouver DETACHED - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.1% VS 2023
▲ 2% VS 2023
▲ 26% VS 2023
▼ 10% VS 2023
There were 314 detached listings in North Vancouver in September, 20% above August and 26% higher than September 2023. September detached home sales increased by 7% month-over-month, to 46, and were 10% below September 2023. The sales-to-listing ratio for detached in North Vancouver, at 15%, re(ected a balanced market.
THIS MONTH No. $2,268,609 $2,050,000 15% 46 314
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,243,961 $2,005,000 20% 51 249
1.1% 2% -28% -10% 26%
$2,347,307 $2,135,000 16% 43 261
-3% -4% -11% 7% 20%
The detached median price in September was $2,050,000, a 4% decrease from August and 2% above September 2023.
The average sold price was $2,268,609, 3% below last month and up 1.1% to September 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
299
314
293
280
242
278
249
1.77
261
211
1.69
1.58
1.551.55
168
1.53
180
145
143
98
70
58
54
37
76
51
69
46
53
43
41
30
$2.39M $2.45M
$2.35M $2.21M
$2.11M $2.13M $2.05M
$2.01M $2.03M $2.12M $2.08M $2.10M $2.16M
23-Sep
24-Aug
24-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
100
80
60
40
32%
16%
13%
20
11%
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
7 0 n/a
0 1 n/a
8 0 n/a
57 18 32%
93 12 13%
56 9 16%
57 6 11%
22 0 n/a
10 0 n/a
4 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 October 9, 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. 32 ●
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