north vancouver CONDO - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 28% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 54% VS 2023
▲ 6% VS 2023
▼ 0.5% VS 2023
▼ 0.5% VS 2023
There were 371 condo listings in North Vancouver in October, 2% below September and 54% higher than October 2023. October condo sales increased by 51% month-over-month, to 104, and were 6% above October 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in North Vancouver, at 28%, re)ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
104 371
$1,011 $907,187 $828,500 41% 98 241
-6% -0.5% -0.5% -31% 6% 54%
$959 $832,360 $765,000 18% 69 380
54% 51% -2%
The condo median price in October was $824,000, a 8% increase from September and 0.5% below October 2023. The average sold price was $902,902, 8% above last month; the average PSF sale price was $950, down 0.8% to last month.
$950 $902,902 $824,000 28%
-0.8% 8% 8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
371
380
323
321
310
289
295
229
241
208
221
180
167
112
100
89
89
104
98
106
92
75
69
66
63
54
$829K
$828K
$830K
$824K
$811K
$814K
$815K
$799K
$792K
$765K
$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
100
4+ bdrms
1
75%
80
10
3 bdrms
60
49%
36
40
28% 25% 27%
22% 24%
65
2 bdrms
20
211
0
29
<$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
41 20 49%
105 29 28%
109 27 25%
49 13 27%
36 8 22%
17 4 24%
4 3 75%
10 0 n/a
123
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 November 12, 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online