vancouver west DETACHED - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 7% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 24% VS 2022
▲ 24% VS 2022
▼ 1.4% VS 2022
▼ 15% VS 2022
There were 483 detached listings in Vancouver West in December, 13% below November and 1.4% lower than December 2022. December detached home sales decreased by 38% month-over-month, to 34, and were 15% below December 2022. The sales-to-listing ratio for detached in Vancouver West, at 7%, reflected a buyers' market. The detached median price in December was $3,975,000, a 19% increase from November and 24% above December 2022. The average sold price was $4,242,054, 10% above last month and up 24% to December 2022.
THIS MONTH No. $4,242,054 $3,975,000 7% 34 483
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$3,416,175 $3,205,000 8% 40 490
-14% -15% -1.4%
$3,848,087 $3,330,000 10% 55 553
10% 19% -29% -38% -13%
24% 24%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
570
558
553
597
591
498
491
554
490
483
516
2.52
2.52
479
466
2.22
1.87
1.71
109
1.51
96
71
71
66
55
55
25
94
40
75
34
68
$4.07M
$3.98M
$3.51M
$3.48M $3.50M $3.68M
$3.38M $3.36M $3.33M
$3.21M $3.43M $3.36M
$3.15M
22-Dec
23-Nov
23-Dec
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
400
300
50%
200
100
18%
7%
6%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
1 0 n/a
2 1 50%
17 3 18%
42 3 7%
421 27 6%
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 January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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