CONDO JANUARY west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
16 % UP
83 % UP
BALANCED 12 %
The number of condo listings in West Vancouver increased 1.1% between December and January, to 91, but were 3% lower vs January 2020. The 11 condo sales in January were 39% below last month but 83% higher vs last year. The sales-to-listings ratio decreased to 12% in January, as West Vancouver’s condo market remained in balanced market territory. The condo benchmark price was $1.07M in January, 2% below December but 8% higher year-over-year. The average sold price was $1.56M (up 23% vs December) and the average PSF sales price was $1,081 (14% above December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
91 11
90 18
1.1% -39% -40%
94
-3% 83% 89%
TOTAL SALES
6
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
20%
6%
$1,072,900 $1,095,600 $1,562,777 $1,265,489
-2% $996,600 23% $1,343,500 14% $1,003
8%
16%
$1,081
$952
8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.09
$1.07
$1.06
$1.03
$1.01
$1.00
$1.00
149
147
128
116
113
94
91
22
20
12
11
10
9
6
WEST VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
1
BALANCED
3+ bdrms
15
BUYER'S MARKET
5
2 bdrms
55
5
<2 bdrms
. . . . 0 0 0 0 QD QD
21
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
45
Made with FlippingBook - professional solution for displaying marketing and sales documents online