vancouver west ½-DUPLEX - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 189% VS 2023
▲ 43% VS 2023
▼ 13% VS 2023
▼ 10% VS 2023
There were 81 ½-duplex listings in Vancouver West in August, 8% below July and 189% higher than August 2023. August ½-duplex sales decreased by 17% month-over-month, to 10, and were 43% above August 2023. The sales-to-listing ratio for ½-duplexes in Vancouver West, at 12%, reflected a balanced market. The ½-duplex median price in August was $2,150,000, a 10% increase from July and 10% below August 2023. The average sold price was $2,189,883, 5% above last month; the average PSF sale price was $1,349, up 8% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 81
$1,343 $2,511,429 $2,400,000 25% 7 28
0.5% -13% -10% -51% 43% 189%
12 88
8% 5% 10% -9% -17% -8%
$1,349 $2,189,883 $2,150,000 12%
$1,246 $2,092,468 $1,947,500 14%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
82
90
88
81
68
42
39
37
44
40
34
28
33
17
14
12
9
5
10
4
4
3
14
7
11
9
$2.78M
$2.51M $2.50M $2.41M $2.35M
$2.40M $2.28M
$2.36M
$2.25M $2.35M
$2.15M
$1.95M
$1.88M
VANCOUVER WEST
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
1
25
4+ bdrms
26
20
9
3 bdrms
15
49
10
25%
2 bdrms
17%
17%
15%
6
5
9%
7%
0
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
S-L RATIO SALES INVENTORY
1 0 n/a
4 1 25%
12 2 17%
11 1 9%
20 3 15%
27 2 7%
6 1 17%
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. 53 ●
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