vancouver west ½-DUPLEX - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 94% VS 2023
▲ 143% VS 2023
▼ 3% VS 2023
There were 68 ½-duplex listings in Vancouver West in April, 55% above March and 94% higher than April 2023. April ½-duplex sales increased by 89% month-over-month, to 17, and were 143% above April 2023. The sales-to-listing ratio for ½-duplexes in Vancouver West, at 25%, reflected a sellers' market. The ½-duplex median price in April was $2,350,000, a 2% decrease from March and 3% below April 2023. The average sold price was $2,441,031, 7% above last month; the average PSF sale price was $1,429, up 9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 68
$1,317 $2,328,337 $2,418,000 20% 7 35
8% 5% -3% 25% 143% 94%
$1,314 $2,282,333 $2,410,000 20% 9 44
9% 7% -2% 22% 89% 55%
$1,429 $2,441,031 $2,350,000 25%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
68
45
45
43
42
39
37
44
40
35
34
33
28
14
17
12
11
9
5
4
4
3
7
9
9
7
$2.51M $2.50M $2.41M $2.35M
$2.42M
$2.38M $2.40M $2.28M
$2.25M $2.35M
$2.18M
$1.88M
$1.85M
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
25
4+ bdrms
26
20
64%
17
15
3 bdrms
34
10
29%
20%
18%
2 bdrms
15%
8
5
0
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
S-L RATIO SALES INVENTORY
3 0 n/a
7 2 29%
11 2 18%
11 7 64%
26 4 15%
10 2 20%
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. 53 ●
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