vancouver region DETACHED - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.6% VS 2023
▲ 4% VS 2023
▲ 55% VS 2023
▼ 5% VS 2023
There were 7,857 detached listings in the Vancouver Region in April, 21% above March and 55% higher than April 2023. April detached home sales increased by 18% month-over-month, to 1,295, and were 5% below April 2023. The sales-to-listing ratio for detached in the Vancouver Region, at 16%, reflected a balanced market.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
1,295 7,857
1,358 5,077
1.6% 4% -38% -5% 55%
1,102 6,510
0.7% 2% -3% 18% 21%
The detached median price in April was $1,726,000, a 2% increase from March and 4% above April 2023.
$1,994,441 $1,726,000 16%
$1,980,551 $1,688,500 17%
$1,962,519 $1,658,000 27%
The average sold price was $1,994,441, 0.7% above last month and up 1.6% to April 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
7,498
7,857
6,875
6,812
6,611
7,571
5,959
6,952
1.85
1.85
6,510
1.78
5,800
5,077
5,577
5,221
1.42
1.42
1.40
1,641
1,561
1,371
973
1,358
911
809
1,295
713
652
1,102
993
903
$1.70M $1.71M $1.73M
$1.66M $1.75M $1.69M
$1.66M $1.69M $1.73M
$1.61M $1.53M $1.60M
$1.50M
23-Apr
24-Mar
24-Apr
▶ 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
36%
24%
19%
19%
500
16%
13%
9%
8%
6%
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
393 61 16%
460 166 36%
967 228 24%
1,920 374 19%
1,138 214 19%
876 113 13%
949 76 8%
438 39 9%
231 13 6%
485 11 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 May 8, 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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