{"id":3158,"date":"2024-12-05T14:18:04","date_gmt":"2024-12-05T22:18:04","guid":{"rendered":"https:\/\/www.nestpresales.com\/blog\/?p=3158"},"modified":"2025-11-05T17:18:25","modified_gmt":"2025-11-06T01:18:25","slug":"north-west-vancouver-real-estate-market-report-november-2024","status":"publish","type":"post","link":"https:\/\/www.nestpresales.com\/blog\/north-west-vancouver-real-estate-market-report-november-2024\/","title":{"rendered":"North Shore Real Estate Shifts: Market Update November 2024"},"content":{"rendered":"

The North Shore real estate market in November 2024 presented a mixed picture, with stability in some segments and challenges in others.<\/p>\n

\"North<\/p>\n

North Vancouver: Prices Show Stability Across Most Property Types, While New Listings Drop and Sales Ratios Remain Robust.<\/h3>\n

Price Analysis:<\/h4>\n

House\/Detached:<\/h6>\n

The benchmark price for detached homes in North Vancouver rose to $2,147,300, a slight 0.5% month-over-month increase but a 1.5% decline year-over-year. This remains significantly higher than Metro Vancouver\u2019s benchmark of $1,997,400.<\/p>\n

Check out North Vancouver houses under $2,150,000 here<\/a>, or find those priced over $2,150,000 here<\/a>.<\/p>\n

Townhouse\/Attached:<\/h6>\n

Townhouse prices fell to $1,349,400, down 1.1% month-over-month but up 0.4% year-over-year, surpassing Metro Vancouver\u2019s $1,117,600 benchmark.<\/p>\n

Explore North Vancouver townhomes under $1,350,000 here<\/a>, and discover townhouses priced over $1,350,000 here<\/a>.<\/p>\n

Condo\/Apartment:<\/h6>\n

At $796,400, the benchmark price for North Vancouver condos is above Metro Vancouver\u2019s $752,800, reflecting a 0.7% monthly increase and a 0.1% annual decline.<\/p>\n

Browse North Vancouver condos under $800,000 here<\/a> and view apartments over $800,000 here<\/a>.<\/p>\n

New Listings and Sales:<\/h4>\n

In November, inventory remained stable compared to last year, with slight declines in townhouses and condos. Detached houses in North Vancouver<\/a> saw 83 new listings, which was unchanged from November 2023 but down from 158 in October. North Vancouver’s Townhouse listings<\/a> dropped to 43 from 85, reflecting a 14.0% year-over-year decrease. Meanwhile, condo listings in North Vancouver<\/a> fell to 131 from October’s 228, remaining nearly unchanged compared to last year.<\/p>\n

Sales ratios in North Vancouver remained strong across all property types. Detached homes saw 55 sales, maintaining a 66.3% sales ratio, consistent with the previous year and significantly higher than Metro Vancouver\u2019s 12.7%. Townhouses had 29 sales, achieving a 67.4% sales ratio, nearly triple Metro Vancouver\u2019s 23.1%, and slightly up by 0.1% year-over-year. Condos performed particularly well, with 89 units sold and a 67.9% sales ratio, marking a significant 35.9% increase from last year, and far exceeding Metro Vancouver\u2019s 18.7%. Take a look at all the condos in North Vancouver with an open house coming up here.<\/a><\/p>\n

\"West<\/p>\n

West Vancouver – Different Trends in Year-over-Year Property Prices, New Listings Drop, and Sales Ratios Rise Across All Property Types<\/h3>\n

Price Analysis:<\/h4>\n

House\/Detached:<\/h6>\n

West Vancouver\u2019s benchmark price for detached homes reached $3,228,600, up 0.1% month-over-month and 1.3% year-over-year, nearly double Metro Vancouver\u2019s $1,997,400.<\/p>\n

Explore West Vancouver homes under $3,250,000 right here<\/a>, or uncover options priced over $3,250,000 here<\/a>.<\/p>\n

Condo\/Apartment:<\/h6>\n

At $1,212,500, condo prices in West Vancouver dropped 2.3% from October and 3.1% annually, maintaining their premium over Metro Vancouver\u2019s $752,800.<\/p>\n

See West Vancouver condos under $1,200,000 here<\/a>, and uncover prices over $1,200,000 here<\/a>.<\/p>\n

New Listings and Sales:<\/h4>\n

November experienced significant declines in detached home and condo listings year-over-year. Detached home listings in West Vancouver<\/a> dropped to 78, down 24.4% from November 2023, and decreased from 145 in October. West Vancouver’s Condo listings<\/a> also saw a notable decline, falling to 28 from 52 in October, marking a 7.1% year-over-year decrease. This contrasts with Metro Vancouver, which saw broader condo inventory growth. On the other hand, townhouse listings in West Vancouver<\/a> rose to 13, up from 11 in October, representing a 46.2% year-over-year increase.<\/p>\n

Sales activity in West Vancouver remained strong across property types. Detached homes saw 31 sales, achieving a 39.7% sales ratio, significantly higher than Metro Vancouver\u2019s 12.7%. Townhouse sales, however, fell to just 3 units, yielding a 23.1% sales ratio, which was in line with Metro Vancouver\u2019s townhouse sales ratio. Condos performed well, with 11 units sold and a 39.3% sales ratio, more than double Metro Vancouver\u2019s 18.7% for apartment sales. Take a look at all the condos in West Vancouver with an open house coming up here.<\/a><\/p>\n

Home buyer demand continues to strengthen in November, inventorying decreased but sales ratios rose.<\/h3>\n

Residential sales in Metro Vancouver saw a 28% year-over-year increase, continuing the strong momentum from October. Despite this surge in activity, the benchmark price for all residential properties in the region experienced a slight dip compared to last year.<\/p>\n

Currently, sales ratios in Metro Vancouver average 12.7% for detached homes, 23.1% for townhomes, and 18.7% for condos<\/a>. In North Vancouver, homebuyer demand remained strong in November 2024, mirroring the broader regional trend. In contrast, West Vancouver showed some divergence, with different trends emerging in certain property types.<\/p>\n","protected":false},"excerpt":{"rendered":"

Discover how North and West Vancouver\u2019s real estate markets performed in November 2024, with strong sales ratios and shifting prices across property types.<\/p>\n","protected":false},"author":5,"featured_media":3159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[773,772,78,771,769,136,659,82,293,112,770,37],"class_list":["post-3158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-shore-real-estate-stats","tag-773","tag-attached","tag-condos","tag-detached","tag-houses","tag-listings","tag-north-shore","tag-north-vancouver","tag-sales","tag-townhomes","tag-townhouses","tag-west-vancouver"],"yoast_head":"\nNorth Shore Real Estate Shifts: Market Update November 2024<\/title>\n<meta name=\"description\" content=\"November 2024 saw mixed trends in North Shore real estate, with strong sales in North Vancouver and West Vancouver despite 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