north vancouver CONDO - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 31% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 43% VS 2023
▼ 0.5% VS 2023
▼ 8% VS 2023
▼ 17% VS 2023
There were 321 condo listings in North Vancouver in June, 0.6% below May and 43% higher than June 2023.
June condo sales decreased by 6% month-over-month, to 100, and were 17% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 121 225
% Change
No. 106 323
% Change
The sales-to-listing ratio for condos in North Vancouver, at 31%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
100 321
-5% -0.5% -8% -42% -17% 43%
-5% -3% -10% -5% -6% -0.6%
The condo median price in June was $730,250, a 10% decrease from May and 8% below June 2023. The average sold price was $862,699, 3% below last month; the average PSF sale price was $960, down 5% to last month.
$960 $862,699 $730,250 31%
$1,013 $867,181 $789,900 54%
$1,006 $890,636 $814,750 33%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
321
289
323
252
229
221
208
225
241
221
205
180
167
112
121
98
89
100
106
98
92
86
83
66
63
54
$836K
$829K
$828K
$821K
$811K
$814K
$815K
$805K
$799K
$790K
$738K
$730K
$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
80
4+ bdrms
2
75%
60
9
3 bdrms
38
40
37% 36%
29%
44
17%
20
2 bdrms
13% 13%
182
8%
0
47
<$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
32 24 75%
86 32 37%
67 24 36%
54 9 17%
38 5 13%
24 3 13%
7 2 29%
13 1 8%
99
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. 34 ●
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