greater vancouver board area DETACHED - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 26% VS 2023
▲ 24% VS 2023
▼ 0.2% VS 2023
▼ 1.6% VS 2023
There were 5,041 detached listings in the Greater Vancouver board area in November, 9% below October and 26% higher than November 2023. November detached home sales decreased by 12% month-over-month, to 627, and were 24% above November 2023. The sales-to-listing ratio for detached in the Greater Vancouver board area, at 12%, reflected a balanced market. The detached median price in November was $1,849,000, a 0.1% increase from October and 1.6% below November 2023. The average sold price was $2,166,460, 4% above last month and down 0.2% to November 2023.
THIS MONTH No. $2,166,460 $1,849,000 12% 627 5,041
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,171,340 $1,879,440 13% 504 4,013
24% 26%
$2,089,471 $1,847,000 13% 713 5,561
4% 0.1% -3% -12% -9%
-0.2% -1.6% -1%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
5,561
5,849
5,375
5,099
5,462
5,402
5,041
4,647
1.79
1.76
1.70
4,013
1.57
3,820
1.52
1.49
3,456
3,292
3,135
826
794
713
675
553
498
508
383
367
627
504
650
677
$1.97M $1.88M $1.88M
$1.92M $1.91M $1.94M $1.97M
$1.88M $1.80M $1.81M
$1.84M $1.85M $1.85M
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
1,000
800
600
33%
400
24%
17%
17%
13%
11%
200
5%
5%
4%
3%
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
263 34 13%
179 59 33%
380 93 24%
1,040 175 17%
682 115 17%
650 71 11%
827 42 5%
389 16 4%
214 10 5%
417 12 3%
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. 8 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online