north vancouver TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 43% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2022
▼ 6% VS 2022
▼ 15% VS 2022
▼ 25% VS 2022
There were 46 townhome listings in North Vancouver in December, 39% below November and 25% lower than December 2022. December townhome sales decreased by 33% month-over-month, to 20, and were 5% above December 2022. The sales-to-listing ratio for townhomes in North Vancouver, at 43%, reflected a sellers' market. The townhome median price in December was $1,134,950, a 18% decrease from November and 15% below December 2022. The average sold price was $1,178,801, 14% below last month; the average PSF sale price was $846, down 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20 46
19 61
3% -6% -15% 40% 5% -25%
30 76
-3% -14% -18% 10% -33% -39%
$846 $1,178,801 $1,134,950 43%
$824 $1,255,179 $1,340,000 31%
$873 $1,368,363 $1,377,500 39%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
89
82
76
68
67
66
61
63
56
56 34
54
52
47
46
34
32
30
32
28
20
25
19
23
21
14
$1.48M
$1.38M
$1.35M $1.37M $1.33M $1.43M
$1.34M $1.30M $1.38M $1.39M $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
20
100%+
100%
1
4+ bdrms
17
15
75%
12
3 bdrms
19
50%
10
40%
6
2 bdrms
5
8
10%
0
1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
2
S-L RATIO SALES INVENTORY
1 4 400%
4 3 75%
4 4 100%
15 6 40%
20 2 10%
2 1 50%
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 January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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 ●
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