west vancouver CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 32% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 45% VS 2023
▲ 7% VS 2023
▲ 26% VS 2023
▼ 3% VS 2023
There were 107 condo listings in West Vancouver in April, 7% above March and 7% higher than April 2023.
April condo sales increased by 71% month-over-month, to 24, and were 26% above April 2023.
THIS MONTH No. $1,396 $2,107,829 $1,401,000 22% 24 107
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in West Vancouver, at 22%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,059 $1,458,311 $1,450,000 19% 19 100
32% 45% -3% 18% 26% 7%
$1,226 $1,653,179 $1,616,750 14% 14 100
14% 28% -13% 60% 71% 7%
The condo median price in April was $1,401,000, a 13% decrease from March and 3% below April 2023. The average sold price was $2,107,829, 28% above last month; the average PSF sale price was $1,396, up 14% to last month.
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
107
100
100
97
96
95
100
91
95
93
92
74
72
29
24
23
24
15
19
12
22
6
18
17
14
12
$1.62M
$1.54M
$1.47M
$1.45M
$1.39M
$1.40M
$1.38M
$1.27M $1.33M
$1.26M
$1.20M
$1.05M
$987K
WEST VANCOUVER
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
20
4
15
3 bdrms
17
43%
40%
33%
10
27% 26%
13
19%
15%
2 bdrms
5
69
0
7
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
5 2 40%
6 2 33%
13 2 15%
7 3 43%
15 4 27%
23 6 26%
12 0 n/a
26 5 19%
21
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. 57 ●
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