port moody CONDO - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 30% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2022
▲ 8% VS 2022
▼ 30% VS 2022
▼ 39% VS 2022
There were 57 condo listings in Port Moody in September, 12% above August and 30% lower than September 2022. September condo sales decreased by 50% month-over-month, to 17, and were 39% below September 2022. The sales-to-listing ratio for condos in Port Moody, at 30%, reflected a sellers' market. The condo median price in September was $741,000, a 1.5% increase from August and 8% above September 2022. The average sold price was $760,118, 3% above last month; the average PSF sale price was $856, up 1.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 57
28 81
-14% -39% -30%
34 51
1.2% 3% 1.5% -55% -50% 12%
$856 $760,118 $741,000 30%
$818 $712,848 $687,500 35%
$846 $734,991 $730,000 67%
5% 7% 8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
104
94
91
86
91
81
86
72
79
66
72
59
56
51
57
44
34
45
41
26
23
28
20
17
14
13
$780K
$763K
$741K
$734K
$730K
$720K
$711K
$713K
$690K
$688K
$685K
$632K
$630K
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
25
100%
4+ bdrms
20
15
3 bdrms
3
43%
10
13
2 bdrms
5
18%
17%
43
0
4
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
6 1 17%
23 10 43%
22 4 18%
2 2 100%
1 0 n/a
1 0 n/a
2 0 n/a
11
Copyright © October 10, 2023 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 October 10, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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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