port moody CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 42% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2.0% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 11% VS 2023
▼ 8% VS 2023
▼ 27% VS 2023
There were 79 condo listings in Port Moody in April, 44% above March and 8% lower than April 2023.
April condo sales increased by 65% month-over-month, to 33, and were 27% below April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in Port Moody, at 42%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
33 79
45 86
-2% 5% 11% -20% -27% -8%
20 55
15% 65% 44%
The condo median price in April was $760,000, a 1.5% decrease from March and 11% above April 2023. The average sold price was $765,237, 3% below last month; the average PSF sale price was $842, down 5% to last month.
$842 $765,237 $760,000 42%
$859 $728,228 $685,000 52%
$885 $792,945 $771,250 36%
-5% -3% -1.5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
86
79
86
72
66
59
57
56
54
46
55
55
41
51
45
34
33
31
41
39
25
23
20
17
12
11
$780K
$771K
$760K
$750K
$741K
$734K
$730K
$720K
$710K
$685K
$683K
$655K
$638K
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
100%
40
4+ bdrms
1
76%
30
71%
1
3 bdrms
4
20
25%
22
20%
10
2 bdrms
60
0
10
<$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
7 5 71%
21 16 76%
40 10 25%
5 1 20%
4 0 n/a
1 1 100%
1 0 n/a
14
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. 37 ●
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