vancouver region CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 2% VS 2023
▲ 3% VS 2023
▲ 38% VS 2023
▲ 21% VS 2023
There were 6,585 condo listings in the Vancouver Region in December, 17% below November and 38% higher than December 2023. December condo sales decreased by 17% month-over-month, to 1,210, and were 21% above December 2023. The sales-to-listing ratio for condos in the Vancouver Region, at 18%, reflected a balanced market. The condo median price in December was $650,500, a 0.1% increase from November and 3% above December 2023. The average sold price was $746,606, 3% above last month; the average PSF sale price was $862, up 0.6% 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
1,210 6,585
$858 $728,625 $630,000 21% 999 4,760
0.5% 2% 3% -12% 21% 38%
1,455 7,961
0.6% 3% 0.1% 0.5% -17% -17%
$862 $746,606 $650,500 18%
$856 $726,006 $650,000 18%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
8,251
8,732
7,961
7,736
8,525
7,106
8,004
8,000
6,585
6,039
5,458
4,760
4,853
1,878
1,783
1,795
1,567
1,517
1,210
1,618
1,645
999
1,455
1,337
1,237
1,058
$678K
$671K
$671K
$673K
$658K
$650K
$655K
$655K
$650K
$651K
$645K
$644K
$630K
Vancouver Region
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
2,000
50 4
4+ bdrms
1,500
85
3 bdrms
1,000
625
25%
668
20% 17%
500
2 bdrms
13%
11%
3,620
9%
7%
4%
0
453
<$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
1,930 479 25%
1,973 386 20%
1,195 200 17%
529 69 13%
339 25 7%
290 32 11%
112 10 9%
217 9 4%
2,290
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. 7 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online