port moody CONDO - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 41% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 20% VS 2023
▲ 18% VS 2023
▲ 11% VS 2023
▼ 44% VS 2023
There were 80 condo listings in Port Moody in June, 1.3% above May and 11% higher than June 2023.
June condo sales increased by 27% month-over-month, to 33, and were 44% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in Port Moody, at 41%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
33 80
59 72
2% 20% 18% -50% -44% 11%
26 79
2% 12% 6% 25% 27% 1.3%
The condo median price in June was $852,000, a 6% increase from May and 18% above June 2023. The average sold price was $882,552, 12% above last month; the average PSF sale price was $873, up 2% to last month.
$873 $882,552 $852,000 41%
$853 $737,382 $720,000 82%
$855 $789,515 $801,000 33%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
80
79
79
72
66
59
57
54
46
55
55
51
41
34
33
41
31
39
33
25
23
26
20
17
12
11
$852K
$801K
$780K
$771K
$760K
$750K
$741K
$730K
$720K
$710K
$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%+ 100%+ 100%
40
1
4+ bdrms
30
1
55%
3 bdrms
6
20
28%
27
10
2 bdrms
14%
54
0
4
<$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
14 2 14%
20 11 55%
40 11 28%
3 6 200%
1 2 200%
1 1 100%
1 0 n/a
20
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. 37 ●
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