north vancouver CONDO - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 28% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 6% VS 2023
▲ 35% VS 2023
▲ 33% VS 2023
There were 309 condo listings in North Vancouver in November, 17% below October and 35% higher than November 2023. November condo sales decreased by 15% month-over-month, to 88, and were 33% above November 2023. The sales-to-listing ratio for condos in North Vancouver, at 28%, reflected a sellers' market. The condo median price in November was $784,000, a 5% decrease from October and 6% above November 2023. The average sold price was $833,933, 8% below last month; the average PSF sale price was $963, up 1.3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 104 371
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$963 $833,933 $784,000 28% 88 309
$937 $784,317 $738,000 29% 66 229
33% 35%
1.3% -8% -5% 1.6% -15% -17%
3% 6% 6% -1.2%
$950 $902,902 $824,000 28%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
380
323
371
321
309
289
309
294
229
208
221
180
167
112
104
100
89
89
88
106
92
66
75
68
63
54
$828K
$830K
$824K
$811K
$814K
$815K
$799K
$792K
$784K
$756K
$738K
$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
80
4+ bdrms
1
60
2
3 bdrms
31
41% 39%
40
35%
51
20
2 bdrms
15% 12%
13%
185
6%
0
35
<$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
34 14 41%
80 31 39%
86 30 35%
48 7 15%
34 4 12%
16 1 6%
3 0 n/a
8 1 13%
92
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. 34 ●
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