west vancouver DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 8% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 24% VS 2023
▲ 58% VS 2023
▼ 17% VS 2023
▼ 24% VS 2023
There were 521 detached listings in West Vancouver in June, 3% above May and 24% higher than June 2023. June detached home sales increased by 21% month-over-month, to 41, and were 58% above June 2023. The sales-to-listing ratio for detached in West Vancouver, at 8%, reflected a buyers' market.
THIS MONTH No. $3,653,585 $2,941,000 8% 41 521
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$4,406,353 $3,865,000 6% 26 421
-17% -24% 27% 58% 24%
$4,123,324 $3,104,000 7% 34 506
-11% -5% 17% 21% 3%
The detached median price in June was $2,941,000, a 5% decrease from May and 24% below June 2023.
The average sold price was $3,653,585, 11% below last month and down 17% to June 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
521
486
451
447
442
506
463
421
2.55
375
433
391
367
347
2.14
1.83
1.79
42
39
37
34
34
33
1.34
30
28
24
22
15
41
1.23
26
$3.87M
$3.55M
$3.28M
$3.19M
$2.98M $3.03M
$2.89M
$2.90M $3.00M $3.10M $2.94M $2.80M $2.55M
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
120
100
80
45%
60
40
16%
8%
8%
20
5%
4%
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 11 5 45% 115 18 16% 117 5 4% 93 5 5% 59 5 8% 26 2 8% 19 0 n/a 15 0 n/a 17 0 n/a 49 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 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. 56 ●
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