vancouver west CONDO - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 12% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 39% VS 2023
▼ 7% VS 2023
▼ 5% VS 2023
▼ 17% VS 2023
There were 831 condo listings in Vancouver West in September, 13% above August and 39% higher than September 2023. September condo sales decreased by 28% month-over-month, to 96, and were 17% below September 2023. The sales-to-listing ratio for condos in Vancouver West, at 12%, re)ected a buyers' market. The condo median price in September was $873,000, a 2% decrease from August and 5% below September 2023. The average sold price was $970,055, 9% below last month; the average PSF sale price was $1,055, down 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 116 596
% Change
No. 133 733
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,055 $970,055 $873,000 12% 96 831
-41% -17% 39%
-36% -28% 13%
$1,144 $1,043,554 $920,400 19%
$1,121 $1,066,243 $894,500 18%
-6% -9% -2%
-8% -7% -5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
794
788
831
753
677
733
622
588
596
490
538
491
480
176
154
134
133
103
76
116
159
149
96
138
109
87
$980K
$920K
$915K
$910K
$907K
$895K
$897K
$900K
$895K
$875K
$869K
$873K
$845K
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
4 1
4+ bdrms
150
8
100
3 bdrms
110
50
44
20%
16% 18%
2 bdrms
423
9%
8%
5%
3%
1%
0
43
<$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
68 11 16%
169 30 18%
173 16 9%
123 25 20%
120 10 8%
108 1 1%
39 2 5%
31 1 3%
294
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. 55 ●
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