west vancouver CONDO - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 26% VS 2023
▲ 35% VS 2023
▼ 6% VS 2023
▼ 17% VS 2023
There were 128 condo listings in West Vancouver in October, 0.8% above September and 35% higher than October 2023. October condo sales increased by 67% month-over-month, to 20, and were 17% below October 2023.
THIS MONTH No. $1,166 $1,719,145 $1,249,000 16% 20 128
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in West Vancouver, at 16%, re(ected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24 95
-5% 26% -6% -38% -17% 35%
$873 $1,010,869 $825,000 9% 12 127
33% 70% 51% 65% 67% 0.8%
The condo median price in October was $1,249,000, a 51% increase from September and 6% below October 2023. The average sold price was $1,719,145, 70% above last month; the average PSF sale price was $1,166, up 33% to last month.
$1,228 $1,359,611 $1,332,000 25%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
127
126
128
133 133
100
96
110
91
107
95
74
72
26
25
24
20
24
15
12
12
12
20
6
16
14
$1.62M
$1.54M
$1.47M
$1.39M
$1.40M $1.30M
$1.35M
$1.33M
$1.26M
$1.25M
$940K $1.03M
$825K
WEST VANCOUVER
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
30
4+ bdrms
25
2
67%
20
2
3 bdrms
15
21
36%
10
13
20%
16%
2 bdrms
14%
11%
77
5
7%
6%
0
5
<$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
3 2 67%
11 4 36%
18 2 11%
10 2 20%
17 1 6%
29 4 14%
15 1 7%
25 4 16%
28
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. 57 ●
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