vancouver west CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2.0% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 43% VS 2024
▼ 6% VS 2024
▼ 1.0% VS 2024
▼ 10% VS 2024
There were 700 condo listings in Vancouver West in February, 8% above January and 43% higher than February 2024. February condo sales increased by 46% month-over-month, to 121, and were 10% below February 2024. The sales-to-listing ratio for condos in Vancouver West, at 17%, re'ected a balanced market. The condo median price in February was $888,100, a 2% decrease from January and 1.0% below February 2024. The average sold price was $967,244, 2% below last month; the average PSF sale price was $1,105, up 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 134 491
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
121 700
-37% -10% 43%
$1,073 $988,565 $910,000 13% 83 650
3% -2% -2% 35% 46% 8%
$1,105 $967,244 $888,100 17%
$1,127 $1,026,672 $897,250 27%
-2% -6% -1%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
794
788
792
831
753
715
677
650
700
733
593
491
538
188
176
154
133
134
121
159
149
138
123
104
96
83
$980K
$922K
$910K
$907K
$910K
$897K
$900K
$895K
$888K
$869K
$873K
$874K
$840K
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
150
4+ bdrms
3
100
6
3 bdrms
92
25%
50
23%
63
20% 21%
2 bdrms
14% 11%
343
3%
0
52
<$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
60 15 25%
156 31 20%
146 30 21%
91 21 23%
94 13 14%
93 10 11%
23 0 n/a
37 1 3%
262
Copyright © 2025 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 March 10, 2025. 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. 55 ●
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