north vancouver CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 24% VS 2023
▲ 41% VS 2023
▲ 11% VS 2023
There were 236 condo listings in North Vancouver in December, 24% below November and 41% higher than December 2023. December condo sales decreased by 32% month-over-month, to 60, and were 11% above December 2023. The sales-to-listing ratio for condos in North Vancouver, at 25%, reflected a sellers' market. The condo median price in December was $836,500, a 7% increase from November and 24% above December 2023. The average sold price was $864,942, 4% above last month; the average PSF sale price was $996, 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
$996 $864,942 $836,500 25% 60 236
$963 $777,524 $676,944 32% 54 167
4% 11% 24% -21% 11% 41%
$963 $833,933 $784,000 28% 88 309
-11% -32% -24%
4% 4% 7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
380
323
371
321
309
309
289
294
208
236
221
167
180
112
104
100
89
89
88
106
92
60
54
75
68
63
$837K
$828K
$830K
$824K
$814K
$815K
$811K
$799K
$792K
$784K
$756K
$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
70
60
4+ bdrms
1
50
40
2
3 bdrms
25
30
31%
28%
28% 26%
25%
20
40
2 bdrms
11%
134
10
0
18
<$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
32 9 28%
58 18 31%
64 18 28%
35 9 26%
27 3 11%
12 3 25%
3 0 n/a
5 0 n/a
76
Copyright © 2025 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 January 13, 2025. 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online