DETACHED AUGUST vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BALANCED 15 %
16 % DOWN
0.4 % DOWN
52 % UP
The 589 detached listings in Vancouver West in August were 6% above July but were 16% below August 2019. August’s detached sales (at 91) were 18% higher month-over-month and 52% above year-over-year. The sales-to-listings ratio in August increased to 15% as Vancouver West’s detached segment remained in balanced market territory. At $3.08M, the benchmark price for detached homes was 1.0% above July and 6% higher vs August 2019. The average sold price of $3.20M was 11% below July and 0.4% lower vs August 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 557
% Change
No. 699
% Change
TOTAL LISTINGS
589
6%
-16% 52% 80%
TOTAL SALES
91
77
18% 12%
60 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
14%
$3,084,600 $3,053,900 1.0% $2,921,400
6%
$3,199,326 $3,594,619 -11% $3,211,908 -0.4%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.68
2.65
2.62
$3.08
$3.08
$3.02
$2.96
$2.95
$2.94
$2.92
699
695
1.48
1.45
1.44
589
554
528
500
472
91
78
77
62
60
60
36
Aug-19
Jul-20
Aug-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD QD
S-L RATIO SALES INVENTORY
Copyright © 2020 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 September 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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