CONDO AUGUST west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % UP
1.8 % UP
14 % UP
38 % UP
BUYER’S 8 %
The number of condo listings in West Vancouver decreased 0.7% between July and August, to 143, but were 14% higher vs August 2019. The 11 condo sales in August were 22% above last month and 38% lower vs last year. The sales-to-listings ratio increased to 8% in August, as West Vancouver’s condo market remained a buyer’s market. The condo benchmark price was $1.00M in August, 0.5% above July but 6% lower year-over-year. The average sold price was $1.01M (down 35% vs July) and the average PSF sales price was $947 (11% below July).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 144
% Change
No. 125
% Change
TOTAL LISTINGS
143
-0.7%
14% 38% 20% -6% 13% 1.8%
TOTAL SALES
11 8%
9
22% 23%
8
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
6%
6%
$1,001,600 $997,100
0.5% $1,062,100
$1,099,264 $1,702,111 -35% $973,750
$947
$1,062
-11%
$930
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.06
$1.05
$1.01
$1.01
$1.00
$1.00
$0.98
143
132
125
125
113
106
91
17
12
11
9
8
7
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
BALANCED
3+ bdrms
BUYER'S MARKET
26
8
2 bdrms
85
3
<2 bdrms
. . . . 0 0 0 0 QD QD
32
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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