NORTH VANCOUVER
We haven’t seen this many active condo listings in North Vancouver since 2020, up 44% compared to last May. Median pricing has been holding pretty steady through 2024. Sales volumes are double what they were 6 months ago, but down -16% from last May. With a median price per square foot of $1019 in May, it will be interesting to see what impact the flood of inventory will have on pricing through the summer months. If you’re looking for a condo in North Vancouver, this may be your window of opportunity.
BURNABY
We have never seen this many active condo listings in Burnaby, up 72% compared to last May. Median pricing has dropped slightly year/year by -3%, and sales volumes are down -30% from last May. With a median price per square foot of $920 (down -7% year/year) it will be interesting to see what impact the flood of inventory will have on pricing through the summer months. If you’re looking for a condo in Burnaby, this may be your window of opportunity.
COQUITLAM
Condo listings in Coquitlam are up 61% compared to last May as local sellers are ramping up for a much anticipated pick up in market demand. This month, sales volumes dropped -22% below this time last year, and median pricing increased slightly by 5%. With a median price per square foot of $856 (down -2% year/year) it will be interesting to see what impact the flood of inventory will have on pricing through the summer months. If you’re looking for a condo in Coquitlam, this may be your window of opportunity.
PORT MOODY
Condo listings in Port Moody are down -10% compared to last May and sales volumes have slowed, down -54% in the same period. Median pricing for condos increased by 9% year/year and the price per square foot is identical to last May at $835/sqft. It will be interesting to see what happens in June and July as interest rates improve and buyers prepare for an optimistic summer.
LANGLEY
Condo listings in Langley are up 56% compared to last May and sales volumes have slowed, down -34% in the same period. Median pricing for condos increased by 5% year/year and the price per square foot is comparable to last May at $715/sqft . It will be interesting to see what happens in June and July as interest rates improve and buyers prepare for an optimistic summer.
SOURCE: All data from Greater Vancouver REALTORS
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.