vancouver west DETACHED - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 10% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▼ 8% VS 2023
▼ 0.3% VS 2023
▼ 3% VS 2023
There were 693 detached listings in Vancouver West in October, 4% below September and 17% higher than October 2023. October detached home sales increased by 21% month-over-month, to 69, and were 3% below October 2023. The sales-to-listing ratio for detached in Vancouver West, at 10%, re(ected a buyers' market. The detached median price in October was $3,350,000, a 11% decrease from September and 0.3% below October 2023. The average sold price was $3,526,580, 11% below last month and down 8% to October 2023.
THIS MONTH No. $3,526,580 $3,350,000 10% 69 693
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$3,822,531 $3,360,000 12% 71 591
-8% -0.3% -17% -3% 17%
$3,949,256 $3,765,000 8% 57 723
-11% -11% 26% 21% -4%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
683
723
693
697
595
664
553
638
591
2.67
523
483
483
2.26
446
2.14
1.69
1.66
1.62
96
89
67
67
62
57
55
47
39
34
71
69
83
$3.98M
$3.79M $3.77M
$3.60M $3.46M $3.58M $3.56M $3.65M $3.49M
$3.36M $3.33M
$3.35M
$3.07M
23-Oct
24-Sep
24-Oct
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
150
100
33%
29%
50
13%
10%
7%
2%
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
12 4 33%
80 23 29%
159 21 13%
130 13 10%
92 6 7%
54 1 2%
64 1 2%
21 0 n/a
15 0 n/a
66 0 n/a
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 November 12, 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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