west vancouver DETACHED - MAY 2 0 2 4
SALES TO LISTINGS RATIO 7% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19% VS 2023
▲ 8% VS 2023
▲ 34% VS 2023
▼ 15% VS 2023
There were 506 detached listings in West Vancouver in May, 12% above April and 34% higher than May 2023.
May detached home sales decreased by 19% month-over-month, to 34, and were 15% below May 2023.
THIS MONTH No. $4,123,324 $3,104,000 7% 34 506
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for detached in West Vancouver, at 7%, re)ected a buyers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$3,473,650 $2,870,000 11% 40 378
19% 8% -37% -15% 34%
$3,464,024 $3,000,000 9% 42 451
19% 3% -28% -19% 12%
The detached median price in May was $3,104,000, a 3% increase from April and 8% above May 2023.
The average sold price was $4,123,324, 19% above last month and up 19% to May 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
486
506
451
447
442
421
463
375
433
1.93
378
391
1.79
367
347
1.541.56
1.34
1.11
42
39
37
34
33
30
28
26
24
22
15
40
34
$3.87M
$3.55M
$3.28M
$3.19M
$2.98M $3.03M
$2.87M
$2.89M
$2.90M $3.00M $3.10M $2.80M $2.55M
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
120
100
80
60
40
14%
12%
10%
20
6%
5%
5%
5%
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
10 1 10%
109 15 14%
111 5 5%
98 5 5%
56 3 5%
31 2 6%
17 0 n/a
13 0 n/a
17 2 12%
44 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. 56 ●
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