vancouver west ½-DUPLEX - MAY 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 16% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 35% VS 2023
▲ 50% VS 2023
▲ 84% VS 2023
▲ 27% VS 2023
There were 83 ½-duplex listings in Vancouver West in May, 22% above April and 84% higher than May 2023.
May ½-duplex sales decreased by 18% month-over-month, to 14, and were 27% above May 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for ½-duplexes in Vancouver West, at 17%, re*ected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14 83
11 45
16% 35% 50% -31% 27% 84%
17 68
3% 11% 18% -33% -18% 22%
The ½-duplex median price in May was $2,777,500, a 18% increase from April and 50% above May 2023. The average sold price was $2,714,224, 11% above last month; the average PSF sale price was $1,465, up 3% to last month.
$1,465 $2,714,224 $2,777,500 17%
$1,266 $2,016,091 $1,849,000 24%
$1,429 $2,441,031 $2,350,000 25%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAY 2023 ● MAY 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
83
68
45
43
42
45
39
37
44
40
34
33
7 28
17
14
12
9
14
11
5
4
4
3
9
9
$2.78M
$2.51M $2.50M $2.41M $2.35M
$2.40M $2.28M
$2.25M $2.35M
$2.18M $2.38M
$1.88M
$1.85M
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
25
5
4+ bdrms
26
20
6
15
3 bdrms
47
10
28%
25%
3
2 bdrms
10
12%
5
8%
8%
0
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
S-L RATIO SALES INVENTORY
5 0 n/a
12 1 8%
12 1 8%
17 2 12%
25 7 28%
12 3 25%
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. 53 ●
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