west vancouver DETACHED - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 7% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 14% VS 2022
▲ 12% VS 2022
▲ 23% VS 2022
▼ 5% VS 2022
There were 488 detached listings in West Vancouver in September, 12% above August and 12% higher than September 2022. September detached home sales decreased by 6% month-over-month, to 32, and were 23% above September 2022. The sales-to-listing ratio for detached in West Vancouver, at 7%, reflected a buyers' market. The detached median price in September was $3,075,000, a 6% increase from August and 14% above September 2022. The average sold price was $3,680,985, 19% above last month and down 5% to September 2022.
THIS MONTH No. $3,680,985 $3,075,000 7% 32 488
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$3,862,762 $2,695,000 6% 26 436
-5% 14% 10% 23% 12%
$3,092,532 $2,892,500 8% 34 437
19% 6% -16% -6% 12%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
488
448
423
417
436
387
379
437
2.01
303
1.81
332
305
298
1.661.66
276
1.42
1.33
46
41
39
34
27
27
26
26
23
17
17
32
26
$3.48M $3.26M
$3.42M
$3.09M
$2.87M
$2.89M $3.08M
$2.87M $2.78M
$2.70M
$2.60M $2.70M $2.75M
22-Sep
23-Aug
23-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
400
100%
300
200
100
13%
8%
7%
5%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
2 2 100%
12 1 8%
41 3 7%
67 9 13%
366 17 5%
Copyright © October 10, 2023 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 October 10, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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