vancouver west CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 3% VS 2023
▲ 24% VS 2023
▲ 37% VS 2023
There were 594 condo listings in Vancouver West in December, 17% below November and 24% higher than December 2023. December condo sales decreased by 15% month-over-month, to 104, and were 37% above December 2023. The sales-to-listing ratio for condos in Vancouver West, at 18%, reflected a balanced market. The condo median price in December was $874,000, a 4% increase from November and 3% above December 2023. The average sold price was $1,015,061, 9% above last month; the average PSF sale price was $1,146, up 5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 123 716
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
104 594
$1,110 $987,466 $844,500 16% 76 480
11% 37% 24%
1.9% -15% -17%
$1,146 $1,015,061 $874,000 18%
$1,093 $932,480 $840,000 17%
5% 9% 4%
3% 3% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
795
793
788
832
753
716
677
734
490
594
538
480
491
188
176
154
134
133
159
104
149
138
76
123
97
86
$980K
$922K
$913K
$910K
$907K
$897K
$900K
$895K
$878K
$869K
$874K
$845K
$840K
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
140
120
4+ bdrms
1
100
9
80
3 bdrms
79
60
39%
23% 20%
40
51
2 bdrms
15%
11% 10%
10%
306
6%
20
0
44
<$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
46 18 39%
108 25 23%
133 27 20%
89 10 11%
82 8 10%
75 11 15%
31 2 6%
30 3 10%
208
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. 55 ●
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