port moody TOWNHOME - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 65% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 10% VS 2023
▲ 8% VS 2023
▲ 11% VS 2023
▲ 54% VS 2023
There were 31 townhome listings in Port Moody in September, 11% below August and 11% higher than September 2023. September townhome sales increased by 100% month-over-month, to 20, and were 54% above September 2023. The sales-to-listing ratio for townhomes in Port Moody, at 65%, re&ected a sellers' market. The townhome median price in September was $1,006,250, a 18% decrease from August and 8% above September 2023. The average sold price was $1,060,658, 12% below last month; the average PSF sale price was $657, up 4% 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
20 31
13 28
-6% 10% 8% 39% 54% 11%
10 35
4% -12% -18% 126% 100% -11%
$657 $1,060,658 $1,006,250 65%
$695 $963,585 $928,800 46%
$631 $1,207,570 $1,223,750 29%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
37
35
39
39
31
31
28
25
23
20
20
24
21
16
17
13
14
14
12
12
10
10
8
7
7
$1.22M
$1.11M
$1.09M $1.04M $1.08M $1.05M $1.08M
$1.01M
$929K $970K $915K $1.00M
$874K
PORT MOODY
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
12
4
10
4+ bdrms
6
75%
8
67%
64% 63%
13
3 bdrms
6
21
4
3
2 bdrms
4
2
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+
S-L RATIO SALES INVENTORY
3 2 67%
11 7 64%
8 5 63%
8 6 75%
1 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. 36 ●
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