greater vancouver board area DETACHED - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 49% VS 2023
▲ 0.8% VS 2023
▼ 0.6% VS 2023
There were 4,680 detached listings in the Greater Vancouver board area in April, 21% above March and 49% higher than April 2023. April detached home sales increased by 22% month-over-month, to 798, and were 0.8% above April 2023. The sales-to-listing ratio for detached in the Greater Vancouver board area, at 17%, reflected a balanced market. The detached median price in April was $1,937,500, a 1.3% increase from March and 3% above April 2023.
THIS MONTH No. $2,215,858 $1,937,500 17% 798 4,680
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,229,627 $1,888,750 25% 792 3,147
-0.6% 3% -32% 0.8% 49%
$2,236,813 $1,912,500 17% 652 3,869
22% 21%
-0.9% 1.3% 1.2%
The average sold price was $2,215,858, 0.9% below last month and down 0.6% to April 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
4,436
4,680
4,352
4,023
3,887
4,007
1.81
3,951
3,869
1.78
1.75
3,505
3,505
3,147
3,301
3,192
1.51
1.49
1.47
1,013
940
567
547
792
504
798
368
383
821
652
580
545
$1.91M $1.86M $1.93M
$1.89M $1.91M $1.88M
$1.88M $1.80M
$1.81M $1.93M $1.91M $1.94M
$1.53M
23-Apr
24-Mar
24-Apr
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
1,000
800
600
44%
400
26%
23%
23%
16%
200
12%
9%
9%
7%
3%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
264 32 12%
177 78 44%
357 94 26%
948 214 23%
720 164 23%
590 97 16%
718 65 9%
351 32 9%
172 12 7%
383 10 3%
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 May 8, 2024. 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. 8 ●
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