vancouver west DETACHED - MAY 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 24% VS 2023
▼ 6% VS 2023
▼ 3% VS 2023
▼ 12% VS 2023
There were 638 detached listings in Vancouver West in May, 7% above April and 24% higher than May 2023.
May detached home sales increased by 7% month-over-month, to 96, and were 12% below May 2023.
THIS MONTH No. $3,856,636 $3,557,500 15% 96 638
PREVIOUS MONTH
PREVIOUS YEAR
No. 109 516
% Change
No.
% Change
The sales-to-listing ratio for detached in Vancouver West, at 15%, re*ected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
-29% -12% 24%
$3,972,247 $3,589,950 15% 90 595
7% 7%
The detached median price in May was $3,557,500, a 0.9% decrease from April and 3% below May 2023.
-3% -0.9% -0.5%
$4,113,509 $3,680,000 21%
The average sold price was $3,856,636, 3% below last month and down 6% to May 2023.
-6% -3%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
638
597
595
591
570
558
553
516
554
2.45
2.42
523
483
483
446
2.11
1.87
1.69
1.66
90
71
71
109
67
96
54
55
39
34
75
68
63
$4.07M
$3.98M
$3.68M
$3.60M $3.50M $3.59M $3.56M
$3.51M
$3.40M $3.36M $3.33M
$3.15M
$3.07M
23-May
24-Apr
24-May
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
160
140
120
100
80
60
27%
26%
24%
40
14%
13%
8%
20
3%
3%
2%
0
<$2M
$2.0M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M $6.0M-6.99M $7.0M-7.99M $8.0M-8.99M $9.0M-9.99M
$10.0M+
S-L RATIO SALES INVENTORY
11 3 27%
94 23 24%
148 38 26%
120 15 13%
78 11 14%
40 3 8%
39 1 3%
30 1 3%
15 0 n/a
63 1 2%
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 June 10, 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. 52 ●
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