vancouver west CONDO - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.2% VS 2023
▲ 3% VS 2023
▲ 27% VS 2023
▲ 72% VS 2023
There were 793 condo listings in Vancouver West in October, 5% below September and 27% higher than October 2023. October condo sales increased by 96% month-over-month, to 188, and were 72% above October 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 109 622
% Change
No.
% Change
The sales-to-listing ratio for condos in Vancouver West, at 24%, re(ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
188 793
2% 1.2% 3% 35% 72% 27%
$1,055 $970,055 $873,000 12% 96 832
10% 6% 6% 105% 96% -5%
The condo median price in October was $921,900, a 6% increase from September and 3% above October 2023. The average sold price was $1,032,220, 6% above last month; the average PSF sale price was $1,162, up 10% to last month.
$1,162 $1,032,220 $921,900 24%
$1,137 $1,020,383 $895,000 18%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
794
788
832
753
793
677
733
588
622
490
538
491
480
176
154
188
134
133
103
76
109
159
149
138
96
87
$980K
$915K
$922K
$910K
$907K
$895K
$897K
$900K
$895K
$875K
$869K
$873K
$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
3 1
150
4+ bdrms
18
100
3 bdrms
102
33%
28%
24% 25% 26%
50
94
16%
2 bdrms
11%
398
6%
0
75
<$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
64 21 33%
163 45 28%
169 41 24%
125 31 25%
106 28 26%
97 16 16%
38 4 11%
31 2 6%
290
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. 55 ●
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