vancouver west TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 14% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 15% VS 2022
▲ 24% VS 2022
▲ 4% VS 2022
▲ 42% VS 2022
There were 136 townhome listings in Vancouver West in December, 25% below November and 4% higher than December 2022. December townhome sales decreased by 41% month-over-month, to 17, and were 42% above December 2022. The sales-to-listing ratio for townhomes in Vancouver West, at 13%, reflected a balanced market. The townhome median price in December was $1,575,000, a 5% increase from November and 24% above December 2022. The average sold price was $1,611,012, 6% above last month; the average PSF sale price was $1,077, down 0.7% to last month.
THIS MONTH No. $1,077 $1,611,012 $1,575,000 13% 17 136
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$944 $1,403,492 $1,272,500 9% 12 131
14% 15% 24% 36% 42% 4%
$1,085 $1,517,021 $1,499,000 16% 29 182
-0.7% 6% 5% -22% -41% -25%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
182
181
198
196
151
174
163
153
131
136
124
119
118
50
49
37
33
31
29
27
12
30
29
17
12
20
$1.70M $1.63M
$1.64M
$1.61M
$1.55M $1.49M $1.50M $1.58M
$1.52M
$1.40M $1.40M
$1.40M
$1.27M
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
60
3
4+ bdrms
15
50
40
9
3 bdrms
85
30
43%
27%
20
5
2 bdrms
20%
31
11%
10
7%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
5
S-L RATIO SALES INVENTORY
1 0 n/a
3 0 n/a
5 1 20%
7 3 43%
11 3 27%
63 7 11%
46 3 7%
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. 52 ●
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