port moody TOWNHOME - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 40% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▼ 12% VS 2023
▼ 16% VS 2023
▼ 20% VS 2023
▼ 43% VS 2023
There were 20 townhome listings in Port Moody in February, 67% above January and 20% lower than February 2023. February townhome sales decreased by 33% month-over-month, to 8, and were 43% below February 2023. The sales-to-listing ratio for townhomes in Port Moody, at 40%, re'ected a sellers' market. The townhome median price in February was $874,000, a 21% decrease from January and 16% below February 2023. The average sold price was $908,875, 16% below last month; the average PSF sale price was $616, down 11% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change 0.1% -12% -16% -29% -43% -20%
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$616 $908,875 $874,000 40% 8 20
14 25
12 12
-11% -16% -21% -60% -33% 67%
$615 $1,030,429 $1,039,500 56%
$689 $1,083,017 $1,111,950 100%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2023 ● FEB 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
28
29
28
24
25
23
22
21
20
22
21
19
17
13
16
14
12 12
15
12
12
11
10
8
7
7
$1.11M
$1.04M $1.05M $1.04M $1.01M $1.09M
$1.00M
$970K
$955K
$933K
$929K
$915K
$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
7
1
4+ bdrms
6
4
5
71%
67%
4
4
3 bdrms
13
3
3 3
2
2 bdrms
14%
1
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
S-L RATIO SALES INVENTORY
3 2 67%
7 5 71%
2 0 n/a
7 1 14%
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 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. 36 ●
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