north vancouver DETACHED - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 27% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.7% VS 2023
▲ 3% VS 2023
▲ 65% VS 2023
▼ 3% VS 2023
There were 280 detached listings in North Vancouver in April, 56% above March and 65% higher than April 2023. April detached home sales increased by 46% month-over-month, to 76, and were 3% below April 2023.
THIS MONTH No. $2,400,116 $2,211,000 27% 76 280
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for detached in North Vancouver, at 27%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,383,248 $2,140,000 46% 78 170
0.7% 3% -41% -3% 65%
$2,495,037 $2,342,500 29% 52 180
-4% -6% -6% 46% 56%
The detached median price in April was $2,211,000, a 6% decrease from March and 3% above April 2023.
The average sold price was $2,400,116, 4% below last month and up 0.7% to April 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
280
249
242
211
210
1.78
195
1.72
1.65
168
1.62 1.68
193
192
170
180
1.52
145
143
104
89
78
58
76
54
51
37
58
52
41
35
30
$2.35M
$2.34M $2.21M
$2.20M $2.07M
$2.14M $2.25M
$2.01M $2.03M $2.12M $2.08M $2.10M $2.16M
23-Apr
24-Mar
24-Apr
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
60
67%
46%
40
35%
25%
17%
20
15%
7%
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
8 0 n/a
3 2 67%
48 22 46%
81 28 35%
51 13 25%
52 8 15%
27 2 7%
6 1 17%
4 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 May 8, 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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