CONDO - FEBRUARY 2020 west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
56 % DOWN
32 % DOWN
12 % DOWN
36 % DOWN
BUYER’S 7 %
The number of condo listings in West Vancouver increased 10% between January and February, to 99, but was 12% lower vs February 2019. The 7 condo sales in February were 1 higher than last month but 4 below last year. The sales-to-listings ratio remained at 7% in February, as condos in West Vancouver were favour- able to buyers. The condo benchmark price was $1.01M in February, 1.7% above January but 5% lower year-over-year. The average sold price was $708,429 and the aver- age PSF sales price was $722 (down 47% and 28%, respectively, vs January).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 112
% Change
TOTAL LISTINGS
99
90
10% 17%
-12% -36% -28%
TOTAL SALES
7
6
11
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
7%
7%
6%
10%
$1,013,900 $996,600
1.7% $1,065,000
-5%
$708,429 $1,343,500 -47% $1,602,455 -56%
$722
$1,003
-28% $1,067
-32%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.07
$1.07
$1.06
$1.05
$1.03
$1.01
$1.01
138
132
125
125
112
99
89
12
11
11
8
8
8
7
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
BUYER'S MARKET
3+ bdrms
17
4
2 bdrms
65
3
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
17
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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