north vancouver TOWNHOME - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 40% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 29% VS 2023
▲ 29% VS 2023
▼ 5% VS 2023
▼ 2% VS 2023
There were 67 townhome listings in North Vancouver in February, 37% above January and 29% higher than February 2023. February townhome sales increased by 59% month-over-month, to 27, and were 29% above February 2023. The sales-to-listing ratio for townhomes in North Vancouver, at 40%, re'ected a sellers' market. The townhome median price in February was $1,349,900, a 5% decrease from January and 2% below February 2023. The average sold price was $1,313,485, 5% below last month; the average PSF sale price was $838, down 14% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
27 67
21 52
29% 29%
17 49
-14% -5% -5% 16% 59% 37%
$838 $1,313,485 $1,349,900 40%
$885 $1,382,319 $1,379,900 40%
-5% -5% -2% -0.2%
$978 $1,384,788 $1,425,000 35%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2023 ● FEB 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
89
82
76
68
67
67
66
63
52
56
56 34
49
47
46
34
32
30
27
32
28
25
23
21
20
17
$1.48M
$1.43M $1.35M
$1.38M $1.39M $1.32M
$1.38M
$1.35M $1.37M $1.33M $1.43M
$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
25
8
4+ bdrms
16
80%
20
11
60%
15
3 bdrms
38
38%
10
29%
8
2 bdrms
10
5
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
3
S-L RATIO SALES INVENTORY
5 4 80%
10 6 60%
26 10 38%
24 7 29%
2 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 March 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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 ●
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