vancouver west TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 17% VS 2023
▲ 58% VS 2023
▲ 63% VS 2023
There were 196 townhome listings in Vancouver West in March, 13% above February and 58% higher than March 2023. March townhome sales increased by 57% month-over-month, to 44, and were 63% above March 2023. The sales-to-listing ratio for townhomes in Vancouver West, at 22%, reflected a sellers' market. The townhome median price in March was $1,633,000, a 8% increase from February and 17% above March 2023. The average sold price was $1,554,982, 6% above last month; the average PSF sale price was $1,144, up 6% to last month.
THIS MONTH No. $1,144 $1,554,982 $1,633,000 22% 44 196
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,108 $1,471,456 $1,400,000 22% 27 124
3% 6% 17% 3% 63% 58%
$1,083 $1,460,129 $1,510,500 16% 28 174
40% 57% 13%
6% 6% 8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
196
182
181
198
174
196
151
174
163
153
142
136
124
50
49
37
33
44
29
17
27
14
30
29
28
20
$1.70M $1.63M
$1.64M
$1.63M
$1.61M $1.51M
$1.55M $1.49M
$1.52M
$1.50M $1.58M
$1.40M
$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
100% 100%+
100
2
4+ bdrms
14
80
24
60
3 bdrms
116
40
16
18% 21%
2 bdrms
15%
57
20
0
2
<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+
9
S-L RATIO SALES INVENTORY
2 0 n/a
7 0 n/a
4 4 100%
9 10 111%
22 4 18%
101 21 21%
33 5 15%
18 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 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. 54 ●
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