vancouver west TOWNHOME - JULY 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 24% VS 2023
▲ 14% VS 2023
▼ 6% VS 2023
▼ 3% VS 2023
There were 225 townhome listings in Vancouver West in July, no change to June and 24% higher than July 2023. July townhome sales decreased by 25% month-over-month, to 33, and were 14% above July 2023. The sales-to-listing ratio for townhomes in Vancouver West, at 15%, reflected a balanced market. The townhome median price in July was $1,578,000, a 12% increase from June and 3% below July 2023. The average sold price was $1,454,339, 4% above last month; the average PSF sale price was $1,127, up 0.8% to last month.
THIS MONTH No. $1,127 $1,454,339 $1,578,000 15% 33 225
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,185 $1,539,879 $1,628,000 16% 29 181
-5% -6% -3% -8% 14% 24%
$1,118 $1,402,630 $1,415,000 20% 44 225
0.8% 4% 12% -25% -25% 0%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
225
198
225
196
224
220
182
174
196
181
174
142
136
48
44
44
37
33
29
33
17
29
14
38
30
28
$1.63M
$1.63M $1.70M
$1.61M $1.51M
$1.58M
$1.55M $1.49M
$1.50M $1.58M
$1.45M $1.42M
$1.40M
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
80
4+ bdrms
20
60
18
3 bdrms
125
40
39%
29%
11
18%
2 bdrms
20
14%
70
11%
5%
0
3
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
10
S-L RATIO SALES INVENTORY
1 0 n/a
7 1 14%
7 2 29%
18 7 39%
45 5 11%
87 16 18%
37 2 5%
23 0 n/a
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 August 6, 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. 54 ●
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