vancouver west TOWNHOME - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.7% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.5% VS 2023
▲ 8% VS 2023
▲ 45% VS 2023
▼ 10% VS 2023
There were 173 townhome listings in Vancouver West in February, 22% above January and 45% higher than February 2023. February townhome sales increased by 100% month-over-month, to 28, and were 10% below February 2023. The sales-to-listing ratio for townhomes in Vancouver West, at 16%, re(ected a balanced market. The townhome median price in February was $1,510,500, a 6% decrease from January and 8% above February 2023. The average sold price was $1,460,371, 10% below last month; the average PSF sale price was $1,083, down 11% to last month.
THIS MONTH No. $1,083 $1,460,371 $1,510,500 16% 28 173
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,090 $1,439,229 $1,399,900 26% 31 119
-0.7% 1.5% 8% -38% -10% 45%
$1,216 $1,630,486 $1,611,500 10% 14 142
-11% -10% -6% 64% 100% 22%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2023 ● FEB 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
182
181
198
173
196
151
174
163
153
142
136
119
124
50
49
37
33
29
27
31
17
28
14
30
29
20
$1.70M $1.63M
$1.64M
$1.61M $1.51M
$1.55M $1.49M
$1.52M
$1.50M $1.58M
$1.40M $1.40M
$1.40M
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
2
80
4+ bdrms
14
60
67%
13
3 bdrms
55%
106
50%
40
12
2 bdrms
20
46
13% 14%
6%
0
1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
7
S-L RATIO SALES INVENTORY
2 0 n/a
3 2 67%
6 3 50%
11 6 55%
15 2 13%
87 12 14%
49 3 6%
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 March 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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. 52 ●
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