vancouver west TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 38% VS 2023
▼ 17% VS 2023
▼ 17% VS 2023
▼ 10% VS 2023
There were 225 townhome listings in Vancouver West in June, 2% above May and 38% higher than June 2023. June townhome sales increased by 16% month-over-month, to 44, and were 10% below June 2023. The sales-to-listing ratio for townhomes in Vancouver West, at 20%, reflected a balanced market. The townhome median price in June was $1,415,000, a 2% decrease from May and 17% below June 2023. The average sold price was $1,402,630, 10% below last month; the average PSF sale price was $1,118, up 2% to last month.
THIS MONTH No. $1,118 $1,402,630 $1,415,000 20% 44 225
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,195 $1,686,713 $1,700,000 30% 49 163
-6% -17% -17% -35% -10% 38%
$1,094 $1,558,753 $1,449,950 17% 38 220
2% -10% -2% 13% 16% 2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
225
198
196
224
220
182
181
174
196
163
174
142
136
48
44
37
49
33
44
29
17
14
38
30
29
28
$1.70M $1.63M
$1.63M $1.70M
$1.61M $1.51M
$1.55M $1.49M
$1.50M $1.58M
$1.45M $1.42M
$1.40M
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
100
100%+
4+ bdrms
22
80
20
60
55%
3 bdrms
131
40
29%
20
22%
2 bdrms
15%
61
20
6%
5%
0
4
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
11
S-L RATIO SALES INVENTORY
2 0 n/a
7 2 29%
6 8 133%
11 6 55%
45 10 22%
97 15 15%
35 2 6%
22 1 5%
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. 54 ●
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