west vancouver CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 7% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2024
▼ 18% VS 2024
▼ 35% VS 2024
▼ 42% VS 2024
There were 99 condo listings in West Vancouver in February, 2% above January and 9% higher than February 2024. February condo sales decreased by 36% month-over-month, to 7, and were 42% below February 2024. The sales-to-listing ratio for condos in West Vancouver, at 7%, re'ected a buyers' market. The condo median price in February was $899,000, a 40% decrease from January and 35% below February 2024. The average sold price was $1,145,857, 35% below last month; the average PSF sale price was $1,068, down 23% to last month.
THIS MONTH No. $1,068 $1,145,857 $899,000 7% 7 99
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12 91
-5% -18% -35% -46% -42% 9%
11 97
-23% -35% -40% -38% -36% 2%
$1,122 $1,400,258 $1,390,000 13%
$1,391 $1,761,127 $1,499,000 11%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
127
126
120
133
133
128
100
110
99
107
101
91
97
26
25
24
20
20
12
11
11
11
12
16
7
14
$1.62M
$1.50M
$1.44M
$1.39M
$1.40M $1.30M
$1.35M
$1.25M
$940K $1.03M
$899K
$825K
$730K
WEST VANCOUVER
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
30
4+ bdrms
25
1
20
3 bdrms
16
15
10
25%
5
20%
2 bdrms
10%
10%
66
5
8%
0
2
<$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
3 0 n/a
8 2 25%
10 2 20%
10 1 10%
13 1 8%
30 0 n/a
10 1 10%
15 0 n/a
16
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. 57 ●
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