vancouver west DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 16% VS 2023
▲ 22% VS 2023
▲ 11% VS 2023
There were 683 detached listings in Vancouver West in June, 7% above May and 22% higher than June 2023. June detached home sales decreased by 14% month-over-month, to 83, and were 11% above June 2023. The sales-to-listing ratio for detached in Vancouver West, at 12%, reflected a balanced market.
THIS MONTH No. $4,522,148 $3,650,000 12% 83 683
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$4,077,022 $3,150,000 13% 75 558
11% 16% -10% 11% 22%
$3,856,636 $3,557,500 15% 96 638
17% 3% -19% -14% 7%
The detached median price in June was $3,650,000, a 3% increase from May and 16% above June 2023.
The average sold price was $4,522,148, 17% above last month and up 11% to June 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
683
597
595
591
570
553
638
558
2.58
554
2.45
523
483
483
446
1.851.87
1.66
96
89
1.44
71
71
67
63
54
55
39
83
34
75
68
$4.07M
$3.98M
$3.60M $3.50M $3.58M $3.56M $3.65M
$3.51M
$3.40M $3.36M $3.33M
$3.15M
$3.07M
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
140
120
100
80
60
26%
40
17%
10%
9%
8%
8%
7%
6%
4%
20
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 12 1 8% 104 27 26% 145 24 17% 129 13 10% 91 8 9% 38 3 8% 50 3 6% 31 0 n/a 14 1 7% 69 3 4%
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. 52 ●
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