north vancouver TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 32% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 74% VS 2023
▲ 19% VS 2023
▼ 3% VS 2023
There were 118 townhome listings in North Vancouver in June, 11% below May and 74% higher than June 2023. June townhome sales increased by 19% month-over-month, to 38, and were 19% above June 2023. The sales-to-listing ratio for townhomes in North Vancouver, at 32%, reflected a sellers' market. The townhome median price in June was $1,415,000, a 5% increase from May and 4% above June 2023. The average sold price was $1,337,242, 3% below last month; the average PSF sale price was $819, down 9% to last month.
THIS MONTH No. $819 $1,337,242 $1,415,000 32% 38 118
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
32 68
19% 74%
$902 $1,374,850 $1,342,500 24% 32 132
33% 19% -11%
$832 $1,376,106 $1,365,500 47%
-1.6% -3% 4% -32%
-9% -3% 5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
132
118
89
82
94
76
67
66
68
76
56
49
34
34
49
30
46
38
27
32
32
31
28
25
20
17
$1.48M
$1.43M $1.35M $1.42M $1.45M $1.34M $1.42M
$1.37M $1.33M $1.43M
$1.38M
$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
8
40
4+ bdrms
86%
29
30
23
3 bdrms
57
20
36%
31%
27%
6
2 bdrms
10
31
0
1 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+
S-L RATIO SALES INVENTORY
2 0 n/a
7 6 86%
16 5 31%
45 16 36%
41 11 27%
5 0 n/a
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 July 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 ●
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