vancouver west DETACHED - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 10% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2022
▲ 4% VS 2022
▲ 6% VS 2022
▼ 2% VS 2022
There were 553 detached listings in Vancouver West in November, 6% below October and 2% lower than November 2022. November detached home sales decreased by 23% month-over-month, to 55, and were 6% above November 2022. The sales-to-listing ratio for detached in Vancouver West, at 10%, reflected a buyers' market. The detached median price in November was $3,330,000, a 0.9% decrease from October and 4% above November 2022. The average sold price was $3,848,705, 0.7% above last month and up 6% to November 2022.
THIS MONTH No. $3,848,705 $3,330,000 10% 55 553
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$3,628,456 $3,192,500 9% 52 566
6% 4% 8% 6% -2%
$3,822,531 $3,360,000 12% 71 591
0.7% -0.9% -17% -23% -6%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
570
558
566
597
591
553
498
491
554
516
2.26
2.25
2.22
490
479
466
1.71
1.66
1.61
109
96
71
71
66
55
40
25
94
55
52
75
68
$4.07M
$3.51M
$3.48M $3.50M $3.68M
$3.38M $3.36M $3.33M
$3.19M $3.21M $3.43M $3.36M
$3.15M
22-Nov
23-Oct
23-Nov
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
500
100%
400
300
53%
200
100
16%
7%
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
1 0 n/a
2 2 100%
17 9 53%
57 9 16%
476 35 7%
Copyright © 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 December 11, 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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