CONDO JANUARY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
0.1 % UP
1.7 % DOWN
29 % UP
35 % UP
SELLER’S 22 %
Condo listings in Vancouver West decreased to 1,276 in January, 7% below December but 29% higher vs January 2020. Month-over-month, condo sales decreased by 22% in January (to 284), while year-over-year sales increased by 35%. Decreasing to 22%, the sales-to-listings ratio remained in seller’s market territory. January’s condo benchmark price of $762,500 was 0.4% higher month-over-month but 1.7% below January 2020. The average sold price was $934,081 at an average PSF sales price of $1,047 (up 4% and 3%, respective- ly, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 992 211 21%
% Change
TOTAL LISTINGS
1,276
1,371
-7%
29% 35%
TOTAL SALES
284 22%
362 26%
-22% -16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
5%
$762,500 $759,700 $934,081 $897,548
0.4% $775,700 4% $906,793
-1.7%
3%
$1,047
$1,019
3%
$1,046
0.1%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$775,700 $811,200 $801,300 $794,200 $782,200 $764,300 $762,500
2,048
1,929
1,775
1,330
1,276
1,203
992
377
339
315
309
284
211
178
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
26
3+ bdrms
BUYER'S MARKET
156
119
2 bdrms
619
139
<2 bdrms
. . . . 0 0 0 0
501
S-L RATIO SALES INVENTORY
Copyright © 2021 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 February 3, 2021. 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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