DETACHED - FEBRUARY 2020 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BALANCED 12 %
27 % DOWN
44 % UP
10 % UP
The 537 detached listings in Vancouver West in February were down 3% compared to January and 27% below February 2019. February’s detached sales (at 62) were up 77% month-over-month and 44% higher year-over-year. The sales-to-listings ratio in February increased to 12% as Vancouver West’s detached segment transi- tioned to balanced market territory. At $2.91M, the benchmark price for detached homes was 0.5% below January and 4% below February 2019. The average sold price of $3.20M was 8% below January but 10% higher vs February 2019.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 551
% Change
No. 733
% Change
TOTAL LISTINGS
537
-3% 77% 82%
-27% 44% 97% -4% 10%
TOTAL SALES
62
35 6%
43 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
$2,914,000 $2,929,600 -0.5% $3,031,000
$3,202,282 $3,476,152
-8% $2,919,784
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
2.70
$3.03
2.58
2.55
$2.95
$2.92
$2.91
$2.91
$2.91
$2.88
782
765
733
699
695
1.48
1.43
1.42
537
527
78
63
62
61
60
60
43
Feb-19
Jan-20
Feb-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
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 March 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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