{"id":3222,"date":"2025-01-07T12:31:09","date_gmt":"2025-01-07T20:31:09","guid":{"rendered":"https:\/\/www.nestpresales.com\/blog\/?p=3222"},"modified":"2025-11-05T17:18:24","modified_gmt":"2025-11-06T01:18:24","slug":"north-vancouver-west-vancouver-real-estate-shifts-market-update-december-2024","status":"publish","type":"post","link":"https:\/\/www.nestpresales.com\/blog\/north-vancouver-west-vancouver-real-estate-shifts-market-update-december-2024\/","title":{"rendered":"North Shore Real Estate Shifts: Market Update December 2024"},"content":{"rendered":"

The North Shore real estate market in December 2024 displayed a mix of stability and shifts across property types in North Vancouver and West Vancouver.<\/p>\n

\"North<\/p>\n

North Vancouver: Declining House and Townhouse Prices, Lower New Listings, and Strong Sales Ratios<\/h3>\n

Price Analysis:<\/h4>\n

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

The benchmark price for detached homes in North Vancouver declined by 0.8% month-over-month to $2,130,900, marking a 2.5% decrease from December 2023. This remains above Metro Vancouver\u2019s benchmark of $1,997,000.<\/p>\n

Discover North Vancouver homes priced below $2,130,000 here<\/a>, or explore listings above $2,130,000 here.<\/a>.<\/p>\n

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

Townhouse prices dropped 2.8% from November to $1,311,700, with a slight year-over-year decline of 0.8%. Despite this dip, townhouses in North Vancouver remain priced above Metro Vancouver\u2019s benchmark of $1,114,600.<\/p>\n

Find North Vancouver townhomes listed below $1,315,000 here<\/a>, and check out townhouses priced above $1,315,000 here.<\/a>.<\/p>\n

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

The benchmark price for condos in North Vancouver remained stable month-over-month at $796,100, reflecting a 0.6% increase year-over-year. This price continues to be higher than Metro Vancouver\u2019s benchmark of $749,900.<\/p>\n

Search for North Vancouver condos priced below $800,000 here<\/a>, and explore apartments listed above $800,000 here.<\/a>.<\/p>\n

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

New listings saw a decline across all property types compared to November. House listings in North Vancouver<\/a> fell to 26 from 83, though they were still up 7.7% from December 2023. North Vancouver\u2019s Townhouse listings<\/a> dropped to 22 from November\u2019s 43, reflecting a 27.3% year-over-year increase. Condo listings in North Vancouver<\/a> decreased to 53 from 131, down 7.5% compared to December 2023.<\/p>\n

Sales remained strong in North Vancouver. Detached home sales reached 46, with a robust sales ratio of 176.9%, up 41.5% year-over-year. Townhouse sales totaled 32, achieving a sales ratio of 145.5%, reflecting a 5.8% annual increase. Condos saw 60 units sold, with a sales ratio of 113.2%, marking a 19.5% rise from December 2023.<\/p>\n

Take a look at all the houses in North Vancouver with an open house coming up here.<\/a><\/p>\n

\"West<\/p>\n

West Vancouver: Rising House Prices, Stable Condo Prices, and Declining Sales Ratios<\/h3>\n

Price Analysis:<\/h4>\n

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

The benchmark price for detached homes in West Vancouver increased 2.5% month-over-month to $3,308,300, marking a 6.1% year-over-year rise. This remains well above Metro Vancouver\u2019s benchmark of $1,997,000.<\/p>\n

Check out West Vancouver homes below $3,310,000 here<\/a>, orsee available listings above $3,310,000 here.<\/a>.<\/p>\n

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

The benchmark price for condos in West Vancouver rose 1.2% month-over-month to $1,226,100 but showed a 4.3% decline compared to December 2023. Despite this, West Vancouver condos remain significantly higher than Metro Vancouver\u2019s benchmark of $749,900.<\/p>\n

Discover West Vancouver condos listed under $1,225,000 here<\/a>, and browse options above $1,225,000 here.<\/a>.<\/p>\n

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

West Vancouver experienced significant shifts in new listings. Detached home listings in West Vancouver<\/a> dropped to 50 from 78 month-over-month but were up by 26.0% compared to the same time last year. Townhouse listings in West Vancouver<\/a> fell to 3 from 13, though they rose by 66.7% year-over-year from December 2023. West Vancouver\u2019s condo listings<\/a> saw a 36.4% increase compared to last year, but declined from 28 in November 2023 to 22.<\/p>\n

Sales activity, however, showed a mixed trend. Detached home sales totaled 26, with a sales ratio of 52.0%, down 16.3% from the previous year. Townhouse sales remained low at 2 units, achieving a 66.7% sales ratio, marking a 66.7% decline year-over-year. Condo sales held steady at 11 units, with a 50.0% sales ratio, down 53.3% from December 2023.<\/p>\n

Take a look at all the houses in West Vancouver with an open house coming up here.<\/a><\/p>\n

Metro Vancouver: Mixed Trends in Sales and Pricing<\/h3>\n

Although the year began slowly, sales activity in Metro Vancouver gained momentum toward the end, fueled by declining mortgage rates.<\/a> This trend signals the potential for increased market activity as we move into 2025.<\/p>\n

Currently, Metro Vancouver’s average sales ratios are 12.1% for detached homes, 23.6% for townhomes, and 18.7% for condos. North Vancouver and West Vancouver exceeded the regional averages, especially for detached homes. However, West Vancouver experienced a decline in sales ratios for both townhouses and condos.<\/p>\n","protected":false},"excerpt":{"rendered":"

December 2024\u2019s North Shore real estate market saw falling prices in North Vancouver and rising house prices in West Vancouver, with shifting sales trends across property types.<\/p>\n","protected":false},"author":3,"featured_media":3264,"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-3222","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 December 2024<\/title>\n<meta name=\"description\" content=\"North Shore real estate in Dec 2024 showed shifting trends. 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