north vancouver TOWNHOME - MAY 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 13% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.6% VS 2023
▲ 111% VS 2023
▼ 0.6% VS 2023
▼ 32% VS 2023
There were 133 townhome listings in North Vancouver in May, 40% above April and 111% higher than May 2023.
May townhome sales decreased by 35% month-over-month, to 32, and were 32% below May 2023.
THIS MONTH No. $902 $1,374,850 $1,342,500 24% 32 133
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for townhomes in North Vancouver, at 24%, re'ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
47 63
13% 1.6% -0.6% -68% -32% 111%
49 95
-53% -35% 40%
The townhome median price in May was $1,342,500, a 7% decrease from April and 0.6% below May 2023. The average sold price was $1,374,850, 4% below last month; the average PSF sale price was $902, up 3% to last month.
$797 $1,353,534 $1,350,000 75%
$875 $1,433,304 $1,450,000 52%
3% -4% -7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAY 2023 ● MAY 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
133
89
82
95
76
68
67
66
76
56
63 47
49
34
34
49
30
46
27
32
32
31
28
25
20
17
$1.48M
$1.43M $1.35M $1.42M $1.45M $1.34M
$1.38M
$1.35M $1.37M $1.33M $1.43M
$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
50
6
4+ bdrms
29
40
67%
16
30
3 bdrms
71
20
9
24%
20%
2 bdrms
16%
14%
31
10
0
1
<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+
2
S-L RATIO SALES INVENTORY
0 1 n/a
14 2 14%
12 8 67%
51 12 24%
49 8 16%
5 1 20%
2 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 June 10, 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 ●
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