greater vancouver board area DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 5% VS 2023
▲ 37% VS 2023
▼ 17% VS 2023
There were 5,344 detached listings in the Greater Vancouver board area in June, 5% above May and 37% higher than June 2023. June detached home sales decreased by 18% month-over-month, to 681, and were 17% below June 2023. The sales-to-listing ratio for detached in the Greater Vancouver board area, at 13%, reflected a balanced market. The detached median price in June was $1,970,000, a 0% change from May and 5% above June 2023.
THIS MONTH No. $2,378,951 $1,970,000 13% 681 5,344
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,180,869 $1,880,000 21% 821 3,887
-40% -17% 37%
$2,255,131 $1,970,000 16% 829 5,103
-22% -18% 5%
The average sold price was $2,378,951, 5% above last month and up 9% to June 2023.
5% 0%
9% 5%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
5,103
5,344
4,672
4,432
4,348
4,016
3,949
1.84
1.79
3,887
1.72
4,005
3,866
3,502
3,294
1.53
1.51
3,186
1.49
1,043
829
795
567
556
504
821
383
368
681
651
580
545
$1.93M $1.92M $1.94M $1.97M $1.97M
$1.91M $1.86M $1.93M $1.88M $1.80M $1.81M
$1.88M
$1.41M
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
1,200
1,000
800
600
400
24%
22%
16%
15%
12%
10%
8%
200
7%
7%
4%
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
309 32 10%
181 44 24%
408 88 22%
1,154 188 16%
816 125 15%
662 82 12%
801 66 8%
384 26 7%
205 15 7%
424 15 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. 8 ●
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