vancouver west DETACHED - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 9% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 56% VS 2023
▼ 22% VS 2023
▼ 10% VS 2023
▼ 4% VS 2023
There were 446 detached listings in Vancouver West in January, 8% below December and 4% lower than January 2023. January detached home sales increased by 15% month-over-month, to 39, and were 56% above January 2023. The sales-to-listing ratio for detached in Vancouver West, at 9%, reflected a buyers' market. The detached median price in January was $3,070,000, a 23% decrease from December and 10% below January 2023. The average sold price was $3,434,752, 19% below last month and down 22% to January 2023.
THIS MONTH No. $3,434,752 $3,070,000 9% 39 446
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$4,393,044 $3,430,000 5% 25 466
-22% -10% 63% 56% -4%
$4,242,054 $3,975,000 7% 34 483
-19% -23% 24% 15% -8%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
570
558
553
597
591
498
491
554
516
2.52
466
483
446
479
2.14
1.93
1.91
1.87
1.76
109
96
71
71
66
55
55
34
94
39
75
68
25
$4.07M
$3.98M
$3.51M
$3.48M $3.50M $3.68M $3.43M $3.36M
$3.38M $3.36M $3.33M
$3.15M
$3.07M
23-Jan
23-Dec
24-Jan
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
400
300
200
50%
39%
100
20%
6%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
1 0 n/a
1 0 n/a
2 1 50%
20 4 20%
31 12 39%
391 22 6%
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 February 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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