data pack: the vancouver rennie review | March 2025

west vancouver DETACHED - FEBRUARY 2 0 2 5

SALES TO LISTINGS RATIO 7% BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 27% VS 2024

▲ 32% VS 2024

▲ 13% VS 2024

▼ 26% VS 2024

There were 423 detached listings in West Vancouver in February, 7% above January and 13% higher than February 2024. February detached home sales increased by 71% month-over-month, to 29, and were 26% below February 2024. The sales-to-listing ratio for detached in West Vancouver, at 7%, re'ected a buyers' market.

THIS MONTH No. $3,892,414 $3,375,000 7% 29 423

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$3,057,502 $2,550,000 10% 39 375

27% 32% -34% -26% 13%

$3,350,794 $3,030,000 4% 17 394

16% 11% 59% 71% 7%

The detached median price in February was $3,375,000, a 11% increase from January and 32% above February 2024.

The average sold price was $3,892,414, 16% above last month and up 27% to February 2024.

▶ RATIO OF MEDIAN PRICES

▶ RECENT TRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

506

539

536

467

524

521

451

507

423

2.66

375

398

394

391

2.32

1.69

41

41

1.41

37

37

35

32

30

31

28

25

17

39

29

1.09

0.87

$3.62M

$3.35M

$3.38M

$3.00M $3.10M $2.94M $3.18M

$2.99M $3.03M

$2.90M

$2.85M

$2.80M

$2.55M

24-Feb

25-Jan

25-Feb

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY ● S-L RATIO

100

80

60

40

25%

13%

20

11%

6%

6%

6%

4%

3%

0

<$2M

$2.0M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M $6.0M-6.99M $7.0M-7.99M $8.0M-8.99M $9.0M-9.99M

$10.0M+

S-L RATIO SALES INVENTORY

12 3 25%

91 10 11%

96 6 6%

80 5 6%

38 1 3%

25 1 4%

15 2 13%

6 0 n/a

17 1 6%

43 0 n/a

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. 56 ●

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