vancouver west ½-DUPLEX - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19% VS 2023
▲ 28% VS 2023
▲ 126% VS 2023
▲ 220% VS 2023
There were 95 ½-duplex listings in Vancouver West in October, 2% above September and 126% higher than October 2023. October ½-duplex sales increased by 33% month-over-month, to 16, and were 220% above October 2023. The sales-to-listing ratio for ½-duplexes in Vancouver West, at 17%, re(ected a balanced market. The ½-duplex median price in October was $2,400,000, a 19% increase from September and 28% above October 2023. The average sold price was $2,302,570, 12% above last month; the average PSF sale price was $1,368, up 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16 95
$1,250 $1,933,600 $1,880,000 12% 5 42
220% 126%
12 93
3% 12% 19% 31% 33% 2%
$1,368 $2,302,570 $2,400,000 17%
9% 19% 28% 41%
$1,331 $2,048,778 $2,010,000 13%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
90
95
88
82
93
81
68
39
37
42
44
40 14
33
17
12
16
4
4
3
14
12
5
11
9
10
$2.78M
$2.51M $2.50M $2.41M $2.35M
$2.40M
$2.36M
$2.25M $2.35M
$2.15M $2.01M
$1.95M
$1.88M
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
35
3
4+ bdrms
30
36
75%
25
11
20
3 bdrms
51
15
27%
2
10
2 bdrms
18%
8
12%
9%
5
0
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
S-L RATIO SALES INVENTORY
1 0 n/a
6 0 n/a
4 3 75%
11 3 27%
34 4 12%
28 5 18%
11 1 9%
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 November 12, 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. 53 ●
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