greater vancouver board area DETACHED - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2023
▲ 13% VS 2023
▲ 14% VS 2023
▲ 30% VS 2023
There were 3,167 detached listings in the Greater Vancouver board area in January, 4% below December and 14% higher than January 2023. January detached home sales increased by 4% month-over-month, to 387, and were 30% above January 2023. The sales-to-listing ratio for detached in the Greater Vancouver board area, at 12%, reflected a balanced market. The detached median price in January was $1,805,000, a 0.3% increase from December and 13% above January 2023. The average sold price was $2,106,602, 2% above last month and up 10% to January 2023.
THIS MONTH No. $2,106,602 $1,805,000 12% 387 3,167
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change 10% 13% 14% 30% 14%
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,920,743 $1,600,000 11% 298 2,769
$2,060,419 $1,800,000 11% 372 3,315
9% 4% -4%
2% 0.3%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
4,374
4,044
3,910
4,453
4,025
3,971
1.70
1.69
1.69
3,526
2,932
3,167
3,315
1.56
3,177
1.52
2,769
3,031
1.38
1,026
730
573
513
372
833
797
676
387
298
590
553
512
$1.88M $1.90M $1.87M $1.81M $1.90M $1.85M $1.92M $1.85M $1.80M $1.81M
$1.71M $1.82M
$1.60M
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
1200
1000
800
600
400
31%
25%
23%
20%
15%
200
9%
8%
6%
4%
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+ 1,182 50 4%
S-L RATIO SALES INVENTORY
62 4 6%
46 4 9%
83 19 23%
119 37 31%
207 51 25%
570 115 20%
463 71 15%
435 36 8%
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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