vancouver west DETACHED - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 7% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 20% VS 2023
▼ 17% VS 2023
▼ 7% VS 2023
▼ 34% VS 2023
There were 664 detached listings in Vancouver West in August, 5% below July and 20% higher than August 2023. August detached home sales decreased by 28% month-over-month, to 47, and were 34% below August 2023. The sales-to-listing ratio for detached in Vancouver West, at 7%, reflected a buyers' market.
THIS MONTH No. $3,809,415 $3,790,000 7% 47 664
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$4,570,872 $4,070,000 13% 71 554
-17% -7% -45% -34% 20%
$3,690,497 $3,500,000 9% 65 697
-24% -28% -5%
The detached median price in August was $3,790,000, a 8% increase from July and 7% below August 2023.
The average sold price was $3,809,415, 3% above last month and down 17% to August 2023.
3% 8%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
664
697
597
595
683
591
553
638
554
2.91
523
483
483
2.57
446
2.22
1.74
96
89
83
1.65
71
1.61
67
62
65
54
55
39
34
71
47
$4.07M
$3.98M
$3.79M
$3.60M $3.46M $3.58M $3.56M $3.65M $3.50M
$3.40M $3.36M $3.33M
$3.07M
23-Aug
24-Jul
24-Aug
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
140
120
100
80
60
40
15%
14%
13%
7%
20
5%
2%
2%
0
<$2M $2.0M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M $6.0M-6.99M $7.0M-7.99M $8.0M-8.99M $9.0M-9.99M $10.0M+ S-L RATIO SALES INVENTORY 14 2 14% 94 14 15% 136 9 7% 127 17 13% 97 2 2% 42 2 5% 56 0 n/a 27 0 n/a 11 0 n/a 60 1 2%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 52 ●
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