TOWNHOME - AUGUST 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % UP
9 % UP
BALANCED 15 %
20 % DOWN
12 % DOWN
At 233, the number of townhome listings in Vancouver West was 15% lower in August than in July but 6% above August 2018. Townhome sales, at 36, were down by 25% vs July but were 9% above last August. The sales-to-listings ratio decreased to 15% in August as Vancouver West’s townhome market remained balanced. The benchmark price in August was $1.12M, unchanged from last month but 7% lower than last year. The average sold price was $1.29M, while the aver- age PSF sales price was $897 (up 4% and unchanged, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 273
% Change
No. 220
% Change
TOTAL LISTINGS
233
-15% -25% -12%
6% 9%
TOTAL SALES
36
48
33
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
18%
15%
3.0%
$1,115,100 $1,114,700 $1,289,446 $1,240,210
0.0% $1,195,100 4% $1,614,570 0.0% $1,022
-7%
-20% -12%
$897
$897
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.20
$1.16
$1.14
$1.13
$1.12
$1.12
$1.11
305
291
230
233
220
206
152
39
36
33
33
32
21
16
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 QD QD SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
4
4+ bdrms
28
11
3 bdrms
106
21
<3 bdrms
99
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. 39
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