port moody TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 50% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 11% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 13% VS 2023
▲ 4% VS 2023
▲ 71% VS 2023
There were 24 townhome listings in Port Moody in November, 20% below October and 4% higher than November 2023. November townhome sales decreased by 33% month-over-month, to 12, and were 71% above November 2023. The sales-to-listing ratio for townhomes in Port Moody, at 50%, reflected a sellers' market. The townhome median price in November was $1,034,750, a 7% increase from October and 13% above November 2023. The average sold price was $1,031,575, 3% above last month; the average PSF sale price was $672, down 3% 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
12 24
$760 $960,143 $915,000 30% 7 23
-11% 7% 13% 64% 71% 4%
18 30
-17% -33% -20%
$672 $1,031,575 $1,034,750 50%
$695 $1,003,853 $971,500 60%
-3% 3% 7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
37
39
39
31
35
30
31
25
23
20
20
24
24
18
16
17
14
14
12
12
12
10
7
8
7
$1.22M
$1.11M
$1.09M $1.04M $1.08M $1.05M $1.08M
$1.01M $972K $1.03M
$915K $1.00M
$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
2
4+ bdrms
86%
6
7
80%
5
9
4
3 bdrms
14
3
33%
1
2
2 bdrms
17%
3
1
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
3 1 33%
5 4 80%
7 6 86%
6 1 17%
3 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. 36 ●
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