vancouver west ½-DUPLEX - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 13% VS 2023
▼ 0.5% VS 2023
▼ 10% VS 2023
There were 44 ½-duplex listings in Vancouver West in March, 10% above February and 13% higher than March 2023. March ½-duplex sales decreased by 36% month-over-month, to 9, and were 10% below March 2023. The sales-to-listing ratio for ½-duplexes in Vancouver West, at 20%, reflected a balanced market. The ½-duplex median price in March was $2,410,000, a 4% decrease from February and 7% above March 2023. The average sold price was $2,282,333, 9% below last month; the average PSF sale price was $1,314, down 10% to last month.
THIS MONTH No. $1,314 $2,282,333 $2,410,000 20% 9 44
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 39
9% -0.5% 7% -20% -10% 13%
14 40
-10% -9% -4% -42% -36% 10%
$1,204 $2,292,895 $2,245,000 26%
$1,461 $2,516,893 $2,498,500 35%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
42
44
45
45
39
37
39
40
35
34
33
28
14
12
11
9
10
9
4
4
9
3
7
7
5
$2.51M $2.50M $2.41M
$2.42M
$2.38M $2.40M $2.28M
$2.25M $2.35M
$2.25M
$2.18M
$1.88M
$1.85M
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
14
2
4+ bdrms
12
16
80%
10
4
8
3 bdrms
27
6
33%
25%
2
4
2 bdrms
14% 14%
1
2
0
1
<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
3 1 33%
4 1 25%
11 0 n/a
5 4 80%
14 2 14%
7 1 14%
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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings 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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