DETACHED - AUGUST 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 12 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BUYER’S 9 %
5 % DOWN
17 % DOWN
3 % UP
The 677 detached listings in Vancouver West in August were down 8% compared to July and 17% below August 2018. August’s detached sales (at 60) were down 25% month-over-month but 3% higher year-over-year. The sales-to-listings ratio in August decreased to 9%, keeping Vancouver West’s detached segment in buyer’s market territory. At $2.88M, the benchmark price for detached homes was 0.5% below July and 12% down from August 2018. The average sold price of $3.21M was 5% below July 2019 and August 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 734
% Change
No. 819
% Change
TOTAL LISTINGS
677
-8%
-17%
TOTAL SALES
60 9%
80
-25% -19%
58 7%
3%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
25%
$2,880,800 $2,895,400 -0.5% $3,273,800 -12%
$3,211,908 $3,364,852
-5% $3,373,387
-5%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$3.27
$3.26
$3.13
$3.03
3.97
$2.95
3.85
$2.91
3.81
$2.88
842
819
2.74
782
765
2.60
2.58
733
677
594
65
63
61
60
58
43
33
Aug-18
Jul-19
Aug-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 38
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