north vancouver TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 51% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 10% VS 2023
▲ 10% VS 2023
▲ 43% VS 2023
▲ 113% VS 2023
There were 96 townhome listings in North Vancouver in April, 26% above March and 43% higher than April 2023. April townhome sales increased by 58% month-over-month, to 49, and were 113% above April 2023. The sales-to-listing ratio for townhomes in North Vancouver, at 51%, reflected a sellers' market. The townhome median price in April was $1,450,000, a 2% increase from March and 10% above April 2023. The average sold price was $1,433,304, 0.1% above last month; the average PSF sale price was $875, down 1.4% 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
49 96
23 67
0.1% 10% 10% 49% 113% 43%
31 76
25% 58% 26%
$875 $1,433,304 $1,450,000 51%
$874 $1,298,539 $1,320,000 34%
$887 $1,432,423 $1,420,900 41%
-1.4% 0.1% 2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
96
89
82
76
68
67
66
76
67
63
49
34 56
49
47
34
46
30
27
32
31
28
25
23
20
17
$1.48M
$1.43M $1.35M $1.42M $1.45M
$1.38M
$1.35M $1.37M $1.33M $1.43M
$1.32M
$1.30M
$1.13M
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
100%+
100%
40
11
4+ bdrms
20
73%
30
28
3 bdrms
50%
54
20
32%
10
2 bdrms
10
22
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
4 5 125%
15 11 73%
34 11 32%
40 20 50%
2 2 100%
1 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. 33 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online