west vancouver CONDO - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 21% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.9% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 26% VS 2022
▲ 48% VS 2022
▲ 50% VS 2022
▼ 18% VS 2022
There were 72 condo listings in West Vancouver in December, 25% below November and 18% lower than December 2022. December condo sales increased by 25% month-over-month, to 15, and were 50% above December 2022. The sales-to-listing ratio for condos in West Vancouver, at 21%, reflected a balanced market. The condo median price in December was $1,265,000, a 14% decrease from November and 48% above December 2022. The average sold price was $1,277,067, 21% below last month; the average PSF sale price was $1,002, down 15% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 72
10 88
-0.9% 26% 48% 83% 50% -18%
12 96
-15% -21% -14% 67% 25% -25%
$1,002 $1,277,067 $1,265,000 21%
$1,011 $1,009,940 $854,450 11%
$1,172 $1,610,813 $1,471,500 13%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
95
88
100
100
97
97
96
95
93
92
85
73
72
29
24
23
22
22
9
9
15
19
18
17
10
12
$1.47M
$1.45M
$1.38M
$1.27M $1.33M
$1.26M
$1.20M
$1.20M
$1.05M
$1.05M
$994K
$987K
$854K
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
30
25
4+ bdrms
2
20
57%
3 bdrms
15
13
50%
50%
10
13
2 bdrms
20% 20%
18%
5
40
4%
0
2
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
2 1 50%
5 1 20%
5 1 20%
7 4 57%
8 4 50%
17 3 18%
28 1 4%
17
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. 55 ●
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