October 2024
October sales showed a strong rebound from September’s slower pace, with North Vancouver up 57.4% and West Vancouver rising 28.9%. This turnaround likely reflects pent-up demand following recent months of reduced activity and renewed buyer confidence, fueled by the Bank of Canada’s fourth consecutive rate cut. Lower rates, combined with softer prices across multiple segments, are clearly enhancing affordability and encouraging hesitant buyers back into the market.
Nevertheless, market conditions remain uneven, with both demand and sales levels still below historical averages. Buyers appear cautious, often waiting patiently for properties that align with their long-term needs or value expectations. The recent provincial election, which saw the incumbent NDP retain power with a slim majority, may also add stability to the market, as it likely indicates, for better or worse, a continuation of the current housing policy landscape.
As we approach year’s end—a period when market activity typically slows as buyers and sellers hold off until the new year—we anticipate a gradual tapering in listings and sales.
In North Vancouver, October sales rose 16.0 per cent year-over-year, with 225 homes sold, but remained 24.1 per cent below the 10-year October average.
New listings increased by 29.0 per cent from October 2023, while total listings rose 26.1 per cent, reaching 817 homes for sale by month’s end—11.7 per cent above the 10-year October average.
Across all property types, the sales-to-active listings ratio for October 2024 was 27.4 per cent.
By property type, the October ratios were: were: 23.5 per cent for detached houses, 30.5 per cent for townhomes, and 28.4 per cent for apartments.
By price range, the October ratios were:
| < $750,000: | 40.2 per cent |
| $750k to $1M: | 25.3 per cent |
| $1M - $1.5M: | 28.8 per cent |
| $1.5M - $2M: | 28.9 per cent |
| $2M - $2.5M: | 34.3 per cent |
| $2.5M - $3M: | 23.4 per cent |
| > $3M: | 9.2 per cent |
In West Vancouver October sales rose 9.4 per cent year-over-year, although were 3.5 per cent below the 10-year October average.
New listings increased by 27.6 per cent from October 2023, while total listings rose 11.5 per cent, ending the month with 689 homes for sale —7.1 per cent above the 10-year October average.
For all property types, the sales-to-active listings ratio for October 2024 was 8.4 per cent.
By property type, the October ratios were: 5.7 per cent for detached houses, 26.1 per cent for townhomes, and 15.9 per cent for apartments.
By price range, the October ratios were:
| < $1M: | 26.5 per cent |
| $1M - $2M: | 14.1 per cent |
| $2M - $3M: | 14.2 per cent |
| $3M - $4M: | 7.3 per cent |
| $4M-$5M: | 2.9 per cent |
| $5M-$6M: | n/a |
| >$6M | 3.0 per cent |
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? It’s never too early to start planning. Our team of experienced agents would be pleased to meet with you to discuss the market and steps to prepare for buying or selling. 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 | October 2024
North Vancouver
| Oct - 24 | Oct - 23 | % Chg | |
| New Listings | 471 | 365 | + 29.0 |
| Total Listings | 820 | 648 | + 26.5 |
| Sales | 225 | 194 | + 16.0 |
| Sales/Listings Ratio | 27.4% | 30% | - 8.4 |
| SP/Original LP | 97.8% | 98.3% | - 0.5 |
| Days on Market | 14 | 8 | + 75.0 |
| Median Sale Price | |||
| Condo | $824,000 | $828,500 | - 0.5 |
| Townhome | $1,274,000 | $1,477,000 | - 13.7 |
| House | $2,150,000 | $2,050,000 | + 4.9 |
West Vancouver
| Oct - 24 | Oct - 23 | % Chg | |
| New Listings | 208 | 163 | + 27.6 |
| Total Listings | 690 | 618 | + 11.7 |
| Sales | 58 | 53 | + 9.4 |
| Sales/Listings Ratio | 8.4% | 8.6% | - 2.3 |
| SP/Original LP | 95.8% | 95.5% | + 0.3 |
| Days on Market | 24 | 23 | + 4.3 |
| Median Sale Price | |||
| Condo | $1,241,500 | $1,299,500 | - 4.4 |
| Townhome | -- ** | -- ** | n/a |
| House | $3,225,900 | $3,305,600 | - 2.4 |
Note: Median sale prices not reported when there are less than 20 sales [**West Van Townhome sales: October 2024: 6 - October 2023: 1]