vancouver west ½-DUPLEX - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 174% VS 2023
▲ 33% VS 2023
▼ 10% VS 2023
▼ 12% VS 2023
There were 93 ½-duplex listings in Vancouver West in September, 15% above August and 174% higher than September 2023. September ½-duplex sales increased by 20% month-over-month, to 12, and were 33% above September 2023. The sales-to-listing ratio for ½-duplexes in Vancouver West, at 13%, re)ected a balanced market. The ½-duplex median price in September was $2,010,000, a 7% decrease from August and 12% below September 2023. The average sold price was $2,048,778, 6% below last month; the average PSF sale price was $1,331, down 1.4% to last month.
THIS MONTH No.
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 93
$1,232 $2,275,757 $2,275,000 26% 9 34
8% -10% -12% -51% 33% 174%
10 81
20% 15%
$1,331 $2,048,778 $2,010,000 13%
$1,349 $2,189,883 $2,150,000 12%
-1.4% -6% -7% 5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
88
93
82
90
81
68
42
39
37
44
34
40
33
17
14
12
12
5
4
4
9
3
14
11
9
10
$2.78M
$2.51M $2.50M $2.41M $2.35M
$2.36M
$2.28M
$2.25M $2.35M
$2.15M $2.01M
$1.95M
$1.88M
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
30
1
4+ bdrms
32
25
20
8
3 bdrms
55
15
33%
33%
10
2
2 bdrms
17%
14%
6
5
6%
0
1
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
S-L RATIO SALES INVENTORY
1 0 n/a
6 2 33%
6 1 17%
9 3 33%
29 4 14%
31 2 6%
11 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 October 9, 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. 53 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online