west vancouver CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 11% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 12% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 40% VS 2023
▼ 21% VS 2023
▼ 42% VS 2023
▼ 27% VS 2023
There were 101 condo listings in West Vancouver in December, 16% below November and 40% higher than December 2023. December condo sales remained the same month-over-month, at 11, and were 27% below December 2023. The sales-to-listing ratio for condos in West Vancouver, at 11%, reflected a buyers' market. The condo median price in December was $730,000, a 49% decrease from November and 42% below December 2023. The average sold price was $1,004,434, 51% below last month; the average PSF sale price was $1,116, down 13% to last month.
THIS MONTH No. $1,116 $1,004,434 $730,000 11% 11 101
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 72
12% -21% -42% -48% -27% 40%
$1,282 $2,062,636 $1,440,000 9% 11 120
-13% -51% -49% 19% 0% -16%
$997 $1,271,987 $1,265,000 21%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
127
126
120
133 133
128
100
110
91
107
101
72
74
26
25
24
20
20
12
12
11
15
6
11
16
14
$1.62M
$1.54M
$1.44M
$1.39M
$1.40M $1.30M
$1.35M
$1.26M
$1.25M
$940K $1.03M
$825K
$730K
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
25
4+ bdrms
20
2
78%
15
3 bdrms
15
10
5
2 bdrms
5
11%
61
9%
6%
4%
0
6
<$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
3 0 n/a
9 7 78%
16 1 6%
12 0 n/a
9 1 11%
24 1 4%
11 1 9%
17 0 n/a
23
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. 57 ●
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