vancouver west CONDO - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 22% VS 2023
▲ 19% VS 2023
▼ 5% VS 2023
▼ 4% VS 2023
There were 716 condo listings in Vancouver West in November, 10% below October and 22% higher than November 2023. November condo sales decreased by 35% month-over-month, to 123, and were 19% above November 2023. The sales-to-listing ratio for condos in Vancouver West, at 17%, reflected a balanced market. The condo median price in November was $840,000, a 9% decrease from October and 4% below November 2023. The average sold price was $932,480, 10% below last month; the average PSF sale price was $1,093, down 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 103 588
% Change
No. 188 793
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
123 716
19% 22%
-6% -10% -9% -28% -35% -10%
$1,093 $932,480 $840,000 17%
$1,102 $979,660 $875,000 18%
-0.8% -5% -4% -1.9%
$1,162 $1,032,220 $921,900 24%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
795
793
788
832
753
677
716
734
588
490
538
491
480
188
176
154
134
133
76
123
159
103
149
138
97
87
$980K
$915K
$922K
$910K
$907K
$897K
$900K
$895K
$878K
$875K
$869K
$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
150
4+ bdrms
2
100
7
3 bdrms
97
27% 28%
50
24%
59
19%
2 bdrms
357
7%
5%
4%
3%
0
57
<$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
59 16 27%
137 39 28%
156 30 19%
98 24 24%
98 7 7%
94 4 4%
37 2 5%
37 1 3%
260
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. 55 ●
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