vancouver west TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 48% VS 2023
▲ 145% VS 2023
▼ 0.6% VS 2023
There were 224 townhome listings in Vancouver West in April, 14% above March and 48% higher than April 2023. April townhome sales increased by 11% month-over-month, to 49, and were 145% above April 2023. The sales-to-listing ratio for townhomes in Vancouver West, at 22%, reflected a sellers' market. The townhome median price in April was $1,701,000, a 4% increase from March and 3% above April 2023. The average sold price was $1,646,600, 6% above last month; the average PSF sale price was $1,195, up 4% to last month.
THIS MONTH No. $1,195 $1,646,600 $1,701,000 22% 49 224
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,095 $1,655,800 $1,644,000 13% 20 151
9% -0.6% 3% 65% 145% 48%
$1,144 $1,554,982 $1,633,000 22% 44 196
4% 6% 4% -3% 11% 14%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
224
198
196
183
181
175
196
174
151
163
153
143
137
50
49
44
37
49
33
29
17
14
20
30
29
28
$1.70M $1.63M
$1.64M
$1.63M $1.70M
$1.61M $1.51M
$1.55M $1.49M
$1.52M
$1.50M $1.58M
$1.40M
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
2
100
4+ bdrms
19
80
26
3 bdrms
60
50%
127
38%
31%
40
29%
27%
19
21%
2 bdrms
16%
70
20
10%
0
2
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
8
S-L RATIO SALES INVENTORY
2 1 50%
7 2 29%
8 3 38%
13 4 31%
33 9 27%
108 23 21%
32 5 16%
21 2 10%
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. 54 ●
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