north vancouver TOWNHOME - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 0.4% VS 2023
▲ 51% VS 2023
▼ 14% VS 2023
There were 124 townhome listings in North Vancouver in September, 44% above August and 51% higher than September 2023. September townhome sales increased by 41% month-over-month, to 24, and were 14% below September 2023. The sales-to-listing ratio for townhomes in North Vancouver, at 19%, re(ected a balanced market. The townhome median price in September was $1,300,000, a 7% decrease from August and 0.4% above September 2023. The average sold price was $1,389,883, 1.2% above last month; the average PSF sale price was $863, up 4% to last month.
THIS MONTH No. $863 $1,389,883 $1,300,000 19% 24 124
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
28 82
0.4% -43% -14% 51%
17 86
4% 1.2% -7% -2% 41% 44%
$840 $1,329,379 $1,295,000 34%
$827 $1,372,871 $1,400,000 20%
3% 5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
132
124
118
103
89
94
76
82
86
67
76
49
38
34
49
32
30
46
27
28
32
24
31
20
17
17
$1.48M
$1.43M $1.35M $1.42M $1.45M $1.34M $1.42M $1.40M $1.40M
$1.38M
$1.30M
$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
100%
2
40
4+ bdrms
27
30
16
3 bdrms
71
20
33%
25%
6
23%
20%
2 bdrms
10
24
10%
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+
2
S-L RATIO SALES INVENTORY
1 0 n/a
13 3 23%
20 4 20%
44 11 25%
42 4 10%
3 1 33%
1 1 100%
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. 33 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online