greater vancouver board area DETACHED - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 27% VS 2023
▲ 26% VS 2023
▼ 8% VS 2023
▼ 4% VS 2023
There were 5,535 detached listings in the Greater Vancouver board area in October, 5% below September and 27% higher than October 2023. October detached home sales increased by 40% month-over-month, to 714, and were 26% above October 2023. The sales-to-listing ratio for detached in the Greater Vancouver board area, at 13%, re(ected a balanced market. The detached median price in October was $1,846,000, a 0.6% increase from September and 4% below October 2023. The average sold price was $2,088,709, 5% below last month and down 8% to October 2023.
THIS MONTH No. $2,088,709 $1,846,000 13% 714 5,535
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,271,417 $1,930,000 13% 567 4,343
26% 27%
$2,205,125 $1,834,500 9% 509 5,824
-5% 0.6% 48% 40% -5%
-8% -4% -1.2%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
5,824
5,364
5,535
5,090
5,441
5,394
4,640
1.85
1.83
4,012
4,343
1.70
3,817
1.57
3,453
3,290
1.47
1.46
3,133
827
794
675
553
504
498
509
383
367
714
567
678
650
$1.97M $1.88M $1.88M
$1.93M $1.88M $1.80M $1.81M
$1.92M $1.91M $1.94M $1.97M
$1.83M $1.85M
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
1,200
1,000
800
600
400
21%
20%
20%
17%
14%
10%
200
7%
5%
3%
1%
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
288 40 14%
204 43 21%
464 94 20%
1,150 235 20%
786 136 17%
722 74 10%
848 58 7%
410 22 5%
219 6 3%
444 6 1%
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. 8 ●
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