vancouver region DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 0.6% VS 2023
▲ 37% VS 2023
▼ 26% VS 2023
There were 9,028 detached listings in the Vancouver Region in June, 5% above May and 37% higher than June 2023. June detached home sales decreased by 17% month-over-month, to 1,158, and were 26% below June 2023. The sales-to-listing ratio for detached in the Vancouver Region, at 13%, reflected a balanced market.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
1,158 9,028
1,561 6,611
4% 0.6% -46% -26% 37%
1,393 8,565
1.7% -0.9% -21% -17% 5%
The detached median price in June was $1,700,000, a 0.9% decrease from May and 0.6% above June 2023.
$2,041,625 $1,700,000 13%
$2,008,297 $1,715,000 16%
$1,962,567 $1,690,000 24%
The average sold price was $2,041,625, 1.7% above last month and up 4% to June 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
8,565
9,028
7,850
7,567
7,494
6,868
6,810
1.86
1.85
1.85
6,611
6,950
6,508
5,798
5,570
5,215
1.41
1.39
1.39
1,474
1,292 1,393
1,561
986
911
809
712
651
1,158
1,101
993
903
$1.73M $1.72M $1.70M
$1.69M
$1.70M $1.71M $1.73M
$1.61M $1.53M
$1.60M $1.66M $1.69M
$1.45M
23-Jun
24-May
24-Jun
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
2,500
2,000
1,500
1,000
29%
21%
15%
14%
500
12%
10%
8%
6%
5%
3%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
474 70 15%
477 139 29%
1,108 233 21%
2,272 320 14%
1,299 156 12%
1,004 98 10%
1,070 83 8%
498 27 5%
281 17 6%
545 15 3%
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 July 8, 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. 5 ●
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