vancouver west DETACHED - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 24% VS 2023
▼ 2% VS 2023
▼ 4% VS 2023
There were 595 detached listings in Vancouver West in April, 14% above March and 24% higher than April 2023. April detached home sales increased by 43% month-over-month, to 90, and were 4% below April 2023. The sales-to-listing ratio for detached in Vancouver West, at 15%, reflected a balanced market.
THIS MONTH No. $3,972,247 $3,589,950 15% 90 595
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$4,059,106 $3,500,500 20% 94 479
-2% 3% -23% -4% 24%
$3,964,817 $3,500,000 12% 63 523
0.2% 3% 26% 43% 14%
The detached median price in April was $3,589,950, a 3% increase from March and 3% above April 2023.
The average sold price was $3,972,247, 0.2% above last month and down 2% to April 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
570
558
595
553
597
591
554
523
479
516
2.14
2.13
2.11
483
483
446
1.93
1.88
1.81
109
71
71
65
94
54
55
90
39
34
75
68
63
$4.07M
$3.98M
$3.63M $3.50M $3.59M
$3.51M
$3.50M $3.68M
$3.40M $3.36M $3.33M
$3.15M
$3.07M
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
120
100
80
60
40%
40
21%
18%
8%
6%
20
6%
5%
4%
2%
0
<$2M $2.0M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M $6.0M-6.99M $7.0M-7.99M $8.0M-8.99M $9.0M-9.99M $10.0M+ S-L RATIO SALES INVENTORY 12 1 8% 81 32 40% 126 23 18% 111 23 21% 77 5 6% 41 1 2% 38 0 n/a 27 1 4% 18 1 6% 64 3 5%
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. 52 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online