north vancouver CONDO - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 51% VS 2023
▼ 7% VS 2023
▼ 8% VS 2023
▼ 16% VS 2023
There were 380 condo listings in North Vancouver in September, 29% above August and 51% higher than September 2023. September condo sales decreased by 7% month-over-month, to 70, and were 16% below September 2023. The sales-to-listing ratio for condos in North Vancouver, at 18%, re(ected a balanced market. The condo median price in September was $768,051, a 3% decrease from August and 8% below September 2023. The average sold price was $833,969, 5% below last month; the average PSF sale price was $959, down 3% 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
$959 $833,969 $768,051 18% 70 380
$984 $894,714 $836,000 33% 83 252
-44% -16% 51%
$988 $880,573 $792,000 25% 75 295
-3% -5% -3% -28% -7% 29%
-2% -7% -8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
380
323
321
310
289
295
252
229
208
241
221
180
167
112
98
100
89
89
83
106
70
92
75
66
63
54
$836K
$829K
$828K
$830K
$811K
$814K
$815K
$799K
$792K
$768K
$738K
$730K
$677K
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
4+ bdrms
1
80
3
60
3 bdrms
40
40
30%
24%
38
20%
2 bdrms
15% 15% 14%
20
219
9%
0
29
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
47 14 30%
101 24 24%
106 16 15%
53 8 15%
35 5 14%
22 2 9%
5 1 20%
11 0 n/a
120
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. 34 ●
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