north vancouver DETACHED - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 27% VS 2023
▼ 5% VS 2023
▼ 0.3% VS 2023
0.0% VS 2023
There were 267 detached listings in North Vancouver in November, 15% below October and 27% higher than November 2023. November detached home sales decreased by 27% month-over-month, to 54, and were the same in November 2023. The sales-to-listing ratio for detached in North Vancouver, at 20%, reflected a balanced market. The detached median price in November was $2,114,444, a 1.7% decrease from October and 0.3% below November 2023. The average sold price was $2,208,396, 2% below last month and down 5% to November 2023.
THIS MONTH No. $2,208,396 $2,114,444 20% 54 267
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,328,362 $2,120,000 26% 54 211
-5% -0.3% -21% 0% 27%
$2,258,092 $2,150,000 24% 74 313
-2% -1.7% -14% -27% -15%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
299
293
280
314
313
278
267
1.87
261
211
1.71
168
1.61 1.67
1.54
1.53
180
145
143
98
74
70
37
76
54
54
69
53
46
43
41
30
$2.39M $2.45M
$2.35M $2.21M
$2.12M $2.08M $2.10M $2.16M
$2.11M $2.13M $2.05M $2.15M $2.11M
23-Nov
24-Oct
24-Nov
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
100%
100%+
70
60
50
40
37%
30
28%
20
14%
11%
6%
10
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
7 0 n/a
1 1 100%
2 4 200%
49 18 37%
74 21 28%
54 6 11%
48 3 6%
20 0 n/a
7 1 14%
5 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 December 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. 32 ●
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