north vancouver CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 39% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 38% VS 2023
▲ 3% VS 2023
▼ 2% VS 2023
There were 288 condo listings in North Vancouver in April, 30% above March and 38% higher than April 2023.
April condo sales increased by 23% month-over-month, to 113, and were 3% above April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 110 209
% Change
No.
% Change
The sales-to-listing ratio for condos in North Vancouver, at 39%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
113 288
-8% -2% 3% -25% 3% 38%
$1,002 $892,183 $827,500 41% 92 222
23% 30%
The condo median price in April was $812,500, a 1.8% decrease from March and 3% above April 2023. The average sold price was $861,363, 3% below last month; the average PSF sale price was $949, down 5% to last month.
$949 $861,363 $812,500 39%
$1,037 $883,305 $787,250 53%
-5% -3% -1.8% -5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
288
252
241
229
225
221
208
209
222
213
205
180
167
127
121
98
113
110
89
98
92
86
83
66
63
54
$836K
$829K
$828K
$821K
$811K
$813K
$805K
$799K
$787K
$780K
$790K
$738K
$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
100%+
70
4+ bdrms
60
2
50
6
56%
40
3 bdrms
49% 51%
36
42%
30
66
20
2 bdrms
11% 10%
152
10
0
41
<$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 19 56%
71 35 49%
67 34 51%
38 16 42%
38 4 11%
21 2 10%
1 3 300%
18 0 n/a
98
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. 34 ●
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