vancouver region DETACHED - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.6% VS 2023
▲ 23% VS 2023
▲ 31% VS 2023
▼ 0.3% VS 2023
There were 8,441 detached listings in the Vancouver Region in November, 9% below October and 23% higher than November 2023. November detached home sales decreased by 12% month-over-month, to 1,058, and were 31% above November 2023. The sales-to-listing ratio for detached in the Vancouver Region, at 13%, reflected a balanced market. The detached median price in November was $1,635,500, a 0.9% decrease from October and 1.6% above November 2023. The average sold price was $1,926,002, 3% above last month and down 0.3% to November 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
1,058 8,441
$1,931,255 $1,610,000 12% 809 6,865
31% 23%
1,208 9,237
3% -0.9% -4% -12% -9%
$1,926,002 $1,635,500 13%
$1,867,521 $1,650,000 13%
-0.3% 1.6% 6%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
9,270
9,237
9,741
9,059
8,561
9,199
7,825
8,441
1.79
1.78
1.78
6,865
6,462
5,752
5,568
1.44
1.42
1.42
5,164
1,386
1,289
1,208
1,086
982
893
853
712
650
1,058
809
1,153
1,101
$1.73M $1.72M $1.70M $1.70M $1.65M $1.68M $1.65M $1.64M
$1.61M $1.53M
$1.60M $1.66M $1.69M
23-Nov
24-Oct
24-Nov
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
2,000
1,500
1,000
30%
22%
16%
500
15%
13%
9%
5%
4%
4%
2%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
420 68 16%
463 137 30%
1,030 222 22%
2,055 306 15%
1,129 145 13%
970 87 9%
1,063 50 5%
495 20 4%
281 11 4%
535 12 2%
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 December 9, 2024. 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. 5 ●
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