CONDO AUGUST vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % UP
20 % UP
9 % UP
BALANCED 19 %
Condo listings in Vancouver West increased to 1,791 in August, 3% above July and 20% higher vs August 2019. Month-over-month, condo sales increased by 1.2% in August (to 343), while year-over-year sales rose by 9%. Decreasing to 19%, the sales-to-listings ratio remained in balanced market territory. August’s condo benchmark price of $799,400 was 0.7% higher month-over-month and 6% higher vs August 2019. The average sold price was $946,253 at an average PSF sales price of $1,042 (down 1.6% and 1.4%, respectively, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,791
1,737
3%
1,488
20%
TOTAL SALES
343 19%
339 20%
1.2% -1.9%
314 21%
9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-9%
$799,400 $794,200 $946,253 $961,653
0.7% $756,000 -1.6% $863,958 -1.4% $1,004
6%
10%
$1,042
$1,057
4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$796,400 $806,200 $789,300 $799,400
$756,000 $754,100 $760,900
1,791
1,558
1,488
1,399
1,218
1,069
928
365
343
314
281
261
259
129
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
24
3+ bdrms
BUYER'S MARKET
213
148
2 bdrms
904
171
<2 bdrms
. . . . 0 0 0 0
674
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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