November 2024
November saw a noticeable slowdown in sales compared to October, with North Vancouver down 23.1% and West Vancouver dropping 20.7%. This shift aligns with traditional seasonal trends, where market activity typically tapers off as the holiday season approaches.
Amid fewer listings and sales, pricing and days on market remain inconsistent. While some homes are achieving quick sales, many others are seeing limited buyer interest—a pattern characteristic of the late fall and winter market. The hesitancy may also be amplified by expectations of future interest rate cuts from the Bank of Canada, as buyers with time are hopeful that waiting will lead to better affordability and more selection in the new year.
Looking ahead, we expect these conditions to continue until the new year, which may bring fresh momentum to the market.
In North Vancouver, November sales rose 12.3 per cent year-over-year with 173 homes sold, but continued to trend below the 10-year average, off 15.6 per cent.
New listings were down 1.5 per cent from November 2023, while total listings rose 15.5 per cent, with 692 homes for sale by month’s end— 4.4 per cent above the 10-year November average.
Across all property types, the sales-to-active listings ratio for November 2024 was 25.0 per cent.
By property type, the November ratios were: were: 20.1 per cent for detached houses, 30.4 per cent for townhomes, and 28.8 per cent for apartments.
By price range, the November ratios were:
| < $750,000: | 46.7% |
| $750k to $1M: | 30.1% |
| $1M - $1.5M: | 26.3% |
| $1.5M - $2M: | 23.6% |
| $2M - $2.5M: | 24.4% |
| $2.5M - $3M: | 12.7% |
| > $3M: | 4.5% |
In West Vancouver, November sales were down 4.2 per cent year-over-year with 46 homes sold, and continued to trend below the 10-year average, off 25.9 per cent.
New listings were down 10.5 per cent from November 2023, while total listings rose 2.1 per cent, ending the month with 626 homes for sale — 3.8 per cent above the 10-year November average.
Across all property types, the sales-to-active listings ratio for November 2024 was 7.3 per cent.
By property type, the November ratios were: 6.8 per cent for detached houses, 9.1 per cent for townhomes, and 9.2 per cent for apartments.
By price range, the November ratios were:
| < $1M: | 10.8% |
| $1M - $2M: | 7.2% |
| $2M - $3M: | 12.2% |
| $3M - $4M: | 6.0% |
| $4M-$5M: | 5.5% |
| $5M-$6M: | 5.0% |
| >$6M | 5.2% |
Sales.
Search all North Shore sales as soon as they are reported sold, along with our entire database of sold real estate listings:
North Vancouver Sales >> | West Vancouver Sales >>
Thinking of a move in 2025? Our team of experienced agents would be pleased to meet with you to discuss the market and steps to prepare for buying or selling in the new year. We can be reached at 604.983.2518, via the form on this page, or at our office 110 East 1st Street, North Vancouver.
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Past Listing & Sales STATS | November 2024
North Vancouver
| Nov - 24 | Nov - 23 | % Chg | |
| New Listings | 257 | 261 | - 1.5 |
| Total Listings | 692 | 599 | + 15.5 |
| Sales | 173 | 154 | + 12.3 |
| Sales/Listings Ratio | 25.0% | 26% | - 2.7 |
| SP/Original LP | 97.9% | 98.2% | - 0.3 |
| Days on Market | 17 | 13 | + 30.8 |
| Median Sale Price | |||
| Condo | $778,000 | $738,000 | + 5.4 |
| Townhome | $1,312,000 | $1,377,500 | - 4.8 |
| House | $2,103,888 | $2,100,000 | + 0.2 |
West Vancouver
| Nov - 24 | Nov - 23 | % Chg | |
| New Listings | 119 | 133 | - 10.5 |
| Total Listings | 626 | 613 | + 2.1 |
| Sales | 46 | 48 | - 4.2 |
| Sales/Listings Ratio | 7.3% | 7.8% | - 6.4 |
| SP/Original LP | 94.2% | 94.4% | - 0.2 |
| Days on Market | 39 | 29 | + 34.5 |
| Median Sale Price | |||
| Condo | -- * | -- * | n/a |
| Townhome | -- ** | -- ** | n/a |
| House | $3,350,000 | $2,977,777 | + 12.5 |
Note: Median sale prices not reported when there are less than 20 sales [*West Van Condo sales: November 2024: 11 - November 2023: 12] [**West Van Townhome sales: November 2024: 2 - November 2023: 1]
Active Listing Stats
As of December 30, 2024 at 06:55 AM
North Vancouver
There are 538 homes for sale in North Vancouver including houses, condos, townhomes, duplex listings, and lot listings.
West Vancouver
There are 546 homes for sale in West Vancouver including houses, condos, townhomes, duplex listings, and lot listings.
Disclaimer: Historical sales, listings, and price data is from the Real Estate Board of Greater Vancouver as of the date published. Days on Market and Average Sale Prices are calculated as Medians. Note: Active Listing Statistics are based on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.