vancouver west ½-DUPLEX - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 109% VS 2023
▲ 175% VS 2023
▼ 11% VS 2023
▼ 5% VS 2023
There were 69 ½-duplex listings in Vancouver West in December, 20% below November and 109% higher than December 2023. December ½-duplex sales decreased by 27% month-over-month, to 11, and were 175% above December 2023. The sales-to-listing ratio for ½-duplexes in Vancouver West, at 16%, reflected a balanced market. The ½-duplex median price in December was $2,225,000, a 10% increase from November and 5% below December 2023. The average sold price was $2,188,502, 5% above last month; the average PSF sale price was $1,317, up 8% 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
11 69
$1,209 $2,453,309 $2,351,857 12% 4 33
9% -11% -5% 32% 175% 109%
15 86
8% 5% 10% -9% -27% -20%
$1,317 $2,188,502 $2,225,000 16%
$1,220 $2,078,078 $2,020,000 17%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
90
88
86
94
82
92
68
80
69
37
44
40
33
17
16
15
14
12
11
3
14
12
11
4
9
10
$2.78M
$2.40M
$2.35M $2.51M $2.50M $2.41M $2.35M
$2.36M
$2.23M
$2.15M $2.01M
$2.02M
$1.95M
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
25
3
4+ bdrms
20
29
15
8
3 bdrms
37
10
26%
25%
20%
2 bdrms
5
3
10%
0
<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
4 1 25%
10 2 20%
23 6 26%
20 2 10%
12 0 n/a
Copyright © 2025 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 January 13, 2025. 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 ●
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