west vancouver CONDO - JULY 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 37% VS 2023
▼ 25% VS 2023
▼ 30% VS 2023
There were 133 condo listings in West Vancouver in July, no change to June and 37% higher than July 2023.
July condo sales decreased by 36% month-over-month, to 16, and were 30% below July 2023.
THIS MONTH No. $1,183 $1,639,144 $1,027,500 12% 16 133
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in West Vancouver, at 12%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23 97
-25% -49% -30% 37%
$1,042 $1,081,960 $940,000 19% 25 133
13% 51% 9% -36% -36% 0%
The condo median price in July was $1,027,500, a 9% increase from June and 25% below July 2023. The average sold price was $1,639,144, 51% above last month; the average PSF sale price was $1,183, up 13% to last month.
$1,266 $1,585,412 $1,375,000 24%
-7% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
126
133
133
100
96
95
91
107
97
95
92
74
72
26
25
24
24
23
15
12
12
16
6
18
17
14
$1.62M
$1.54M
$1.47M
$1.39M
$1.40M $1.30M
$1.38M
$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
35
30
4+ bdrms
1
25
1
20
3 bdrms
26
15
25% 27%
25%
10
12
19%
2 bdrms
14%
77
9%
5
3%
0
3
<$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 1 25%
11 3 27%
21 4 19%
8 2 25%
14 2 14%
33 1 3%
9 0 n/a
33 3 9%
29
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. 57 ●
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