April 2024
North Shore inventory levels saw double digit increases from the end of March, propelled by a pace of new listings not witnessed since the peak of the pandemic.
The spring is typically active, so an increase was expected. However, we suspect many sellers delayed coming to market and were motivated to list by strong sales, hopes of lower interest rates, changes to the capital gains tax, and perhaps general uncertainty about the future direction of the market.
Despite this influx of listings, pent-up buyer demand has largely balanced activity. Once this demand is satisfied, and if the rate of new listings persists, the market could begin to soften. Signs of this shift are already evident, with fewer showings as buyers enjoy greater choice and selection, and sales showing inconsistencies, as urgency is more situationally dependent.
In North Vancouver sales rose 33.9 per cent from March and were up 15.3 per cent from April of last year.
New listings were up 82.4 per cent from April 2023, with total listings up 37.1 per cent from the same time, ending the month at 684 homes for sale – 3.4 per cent above the 10-year April average.
For all property types, the April 2024 sales-to-active listing ratio was 36.4 per cent (down 15.9 percent from April 2023).
By property type, the April ratios were: 27.1 per cent for detached houses, 51.0 per cent for townhomes, and 40.5 per cent for apartments.
By price range, the April ratios were:
| < $750,000: | 54.5 per cent |
| $750k to $1M: | 46.1 per cent |
| $1M - $1.5M: | 34.4 per cent |
| $1.5M - $2M: | 43.1 per cent |
| $2M - $2.5M: | 40.4 per cent |
| $2.5M - $3M: | 20.6 per cent |
| > $3M: | 11.6 per cent |
In West Vancouver sales rose 30.2 per cent from March and were up 1.5 per cent from April of last year.
New listings were up 56.8 per cent from April 2023, while total listings were up 22.5 per cent from the same time, ending the month at 610 homes for sale – 3.8 per cent above the 10-year April average.
For all property types, the April 2024 sales-to-active listing ratio was 11.3 per cent (down 17.5 percent from last April).
By property type, the April ratios were: 9.4 per cent for detached houses, 4.3 per cent for townhomes, and 22.9 per cent for apartments.
By price range, the April ratios were:
| < $1M: | 30.8 per cent |
| $1M - $2M: | 26.2 per cent |
| $2M - $3M: | 14.2 per cent |
| $3M - $4M: | 8.9 per cent |
| $4M-$5M: | 6.5 per cent |
| $5M-$6M: | 9.6 per cent |
| >$6M | 3.3 per cent |
Sales.
Search all April 2024 North Shore sales along with our entire database of sold homes (with sales posted as soon as they are reported sold):
North Vancouver Sales >> | West Vancouver Sales >>
As always, if you have any questions about the North or West Vancouver real estate market, or if we can assist you with a purchase or sale we'd be pleased to hear from you. We can be reached at 604.983.2518, via the form on this page, or by appointment at our office 110 East 1st Street, North Vancouver.
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Past Listing & Sales STATS | April 2024
North Vancouver
| Apr - 24 | Apr - 23 | % Chg | |
| New Listings | 602 | 330 | + 82.4 |
| Total Listings | 684 | 499 | + 37.1 |
| Sales | 249 | 216 | + 15.3 |
| Sales/Listings Ratio | 36.4 | 43% | - 15.9 |
| SP/Original LP | 99.2% | 99.4% | - 0.2 |
| Days on Market | 8 | 8 | -- |
| Median Sale Price | |||
| Condo | $812,500 | $787,250 | + 3.2 |
| Townhome | $1,450,000 | $1,320,000 | + 9.8 |
| House | $2,211,000 | $2,140,000 | + 3.3 |
West Vancouver
| Apr - 24 | Apr - 23 | % Chg | |
| New Listings | 287 | 183 | + 56.8 |
| Total Listings | 610 | 498 | + 22.5 |
| Sales | 69 | 68 | + 1.5 |
| Sales/Listings Ratio | 11.3% | 13.7% | - 17.5 |
| SP/Original LP | 94.4% | 95.5% | - 1.2 |
| Days on Market | 18 | 17 | + 5.9 |
| Median Sale Price | |||
| Condo | $1,401,000 | --* | n/a |
| Townhome | -- ** | -- ** | n/a |
| House | $2,994,000 | $3,415,000 | - 12.3 |
Note: Median sale prices not reported when there are less than 20 sales [*West Van condo sales: April 2024: 24 - April 2023: 19] - [**West Van Townhome sales: April 2024: 1 - April 2023: 1]