vancouver west TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 31% VS 2023
▲ 38% VS 2023
▼ 5% VS 2023
▼ 6% VS 2023
There were 239 townhome listings in Vancouver West in November, 11% below October and 31% higher than November 2023. November townhome sales decreased by 2% month-over-month, to 40, and were 38% above November 2023. The sales-to-listing ratio for townhomes in Vancouver West, at 17%, reflected a balanced market. The townhome median price in November was $1,414,950, a 9% decrease from October and 6% below November 2023. The average sold price was $1,443,220, 10% below last month; the average PSF sale price was $1,117, down 0.6% to last month.
THIS MONTH No. $1,117 $1,443,220 $1,414,950 17% 40 239
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,085 $1,517,021 $1,499,000 16% 29 182
3% -5% -6% 5% 38% 31%
$1,123 $1,597,134 $1,562,500 15% 41 270
-0.6% -10% -9% 10% -2% -11%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
257
270
224
225
225
239
223
220
182
174
196
142
136
48
44
44
41
35
40
17
14
29
38
33
28
27
$1.63M $1.70M
$1.61M $1.51M
$1.58M
$1.56M
$1.50M $1.58M
$1.45M $1.42M
$1.45M $1.39M
$1.41M
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
100
1
4+ bdrms
27
80
63%
14
60
3 bdrms
130
47%
40
26%
21
22%
2 bdrms
13%
71
20
7%
4%
0
4
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
11
S-L RATIO SALES INVENTORY
9 2 22%
8 5 63%
15 7 47%
35 9 26%
104 13 13%
43 3 7%
25 1 4%
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. 54 ●
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