west vancouver CONDO - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 53% VS 2023
▲ 27% VS 2023
▲ 20% VS 2023
▲ 24% VS 2023
There were 110 condo listings in West Vancouver in August, 17% below July and 20% higher than August 2023. August condo sales increased by 31% month-over-month, to 21, and were 24% above August 2023.
THIS MONTH No. $1,331 $2,158,376 $1,330,000 19% 21 110
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in West Vancouver, at 19%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 92
4% 53% 27% 3% 24% 20%
$1,183 $1,639,144 $1,027,500 12% 16 133
13% 32% 29% 59% 31% -17%
The condo median price in August was $1,330,000, a 28% increase from July and 27% above August 2023. The average sold price was $2,158,376, 32% above last month; the average PSF sale price was $1,331, up 13% to last month.
$1,278 $1,411,929 $1,050,000 18%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
126
133 133
100
96
95
110
91
107
92
95
74
72
26
25
24
24
15
21
12
12
17
6
18
16
14
$1.62M
$1.54M
$1.47M
$1.39M
$1.40M $1.30M
$1.33M
$1.27M $1.33M
$1.26M
$1.05M
$940K $1.03M
WEST VANCOUVER
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
30
4+ bdrms
25
2
20
64%
5
3 bdrms
15
23
43%
29%
10
11
2 bdrms
14%
10% 10% 11%
66
5
0
5
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
4 0 n/a
7 2 29%
14 2 14%
7 3 43%
11 7 64%
29 3 10%
10 1 10%
28 3 11%
19
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. 57 ●
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