port moody CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 16% VS 2023
▲ 38% VS 2023
▲ 17% VS 2023
There were 54 condo listings in Port Moody in December, 31% below November and 38% higher than December 2023. December condo sales decreased by 53% month-over-month, to 14, and were 17% above December 2023. The sales-to-listing ratio for condos in Port Moody, at 26%, reflected a sellers' market. The condo median price in December was $742,500, a 2% decrease from November and 16% above December 2023. The average sold price was $775,886, 1.8% below last month; the average PSF sale price was $782, down 7% 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
14 54
12 39
-2% 6% 16% -16% 17% 38%
30 78
-7% -1.8% -2% -33% -53% -31%
$782 $775,886 $742,500 26%
$799 $730,367 $638,250 31%
$843 $790,077 $758,500 38%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
93
80
79
78
78
80
79
71
46
55
54
41
36
39
33
33
30
31
28
26
25
24
20
12
14
11
$852K
$801K
$800K
$785K
$771K
$760K
$759K
$743K
$710K
$690K
$683K
$668K
$638K
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
100%
20
4+ bdrms
67%
15
3
3 bdrms
5
10
36%
8
2 bdrms
5
14%
41
0
3
<$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
3 2 67%
22 8 36%
21 3 14%
4 0 n/a
1 1 100%
1 0 n/a
2 0 n/a
8
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. 37 ●
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