vancouver west CONDO - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▲ 53% VS 2023
▼ 0.3% VS 2023
▼ 22% VS 2023
There were 788 condo listings in Vancouver West in June, 5% above May and 53% higher than June 2023.
June condo sales decreased by 10% month-over-month, to 159, and were 22% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 203 516
% Change
No. 177 753
% Change
The sales-to-listing ratio for condos in Vancouver West, at 20%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
159 788
-2% -0.3% 8% -49% -22% 53%
1.9% 8% 12% -14% -10% 5%
The condo median price in June was $980,000, a 12% increase from May and 8% above June 2023. The average sold price was $1,066,501, 8% above last month; the average PSF sale price was $1,150, up 1.9% to last month.
$1,150 $1,066,501 $980,000 20%
$1,174 $1,069,961 $910,000 39%
$1,129 $984,572 $875,000 24%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
753
788
677
622
596
588
558
490
516
539
538
491
480
177
203
155
134
159
103
169
149
138
116
109
87
76
$980K
$925K
$920K
$915K
$910K
$910K
$895K
$897K
$900K
$870K
$875K
$875K
$845K
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
200
1
4+ bdrms
5
150
11
3 bdrms
100
104
34%
30%
24%
84
50
19%
2 bdrms
13%
10% 12%
416
7%
0
63
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
54 13 24%
125 37 30%
184 35 19%
126 43 34%
124 16 13%
111 8 7%
30 3 10%
34 4 12%
263
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. 55 ●
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