west vancouver CONDO - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 9% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 26% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 34% VS 2023
▼ 37% VS 2023
▼ 35% VS 2023
▼ 33% VS 2023
There were 127 condo listings in West Vancouver in September, 15% above August and 34% higher than September 2023. September condo sales decreased by 43% month-over-month, to 12, and were 33% below September 2023. The sales-to-listing ratio for condos in West Vancouver, at 9%, re(ected a buyers' market. The condo median price in September was $825,000, a 38% decrease from August and 35% below September 2023. The average sold price was $1,011,075, 53% below last month; the average PSF sale price was $874, down 34% to last month.
THIS MONTH No. $874 $1,011,075 $825,000 9% 12 127
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18 95
-26% -37% -35% -50% -33% 34%
$1,331 $2,158,376 $1,330,000 19% 21 110
-34% -53% -38% -51% -43% 15%
$1,174 $1,597,721 $1,274,450 19%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
126
127
133 133
100
96
110
91
107
95
95
74
72
26
25
24
24
21
15
12
12
18
6
12
16
14
$1.62M
$1.54M
$1.47M
$1.39M
$1.40M $1.30M
$1.33M
$1.27M $1.33M
$1.26M
$940K $1.03M
$825K
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
35
100%
30
4+ bdrms
2
25
1
20
3 bdrms
25
15
30%
25%
10
7
2 bdrms
80
9%
8%
5
3%
0
4
<$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
2 2 100%
10 3 30%
16 4 25%
11 1 9%
12 0 n/a
34 1 3%
12 1 8%
30 0 n/a
20
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. 57 ●
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