DETACHED - AUGUST 2019 west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
-
18 % DOWN
52 % UP
8 %
The number of detached listings in West Vancouver in August (498) were down 7% vs July 2019 and 18% below August 2018. The 41 detached sales in August were down by 2 month-over-month but 14 above this time last year. The sales-to-listings ratio remained at 8% in August, as conditions continued to favour buyers in West Vancouver’s detached market. August’s benchmark price was $2.52M—1.2% lower than July and 11% below August 2018. The average sold price of $3.18M was 36% higher vs last month and 3% above last year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 538
% Change
No. 604
% Change
TOTAL LISTINGS
498
-7% -5%
-18% 52% 84%
TOTAL SALES
41 8%
43 8%
27 4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3%
$2,520,100 $2,549,700 -1.2% $2,832,600 -11%
$3,175,146 $2,340,368
36% $3,095,940
3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$2.83
$2.76
$2.67
2.37
$2.62
2.36
2.35
$2.58
$2.56
$2.52
604
600
578
560
504
498
442
41
37
36
32
27
25
15
Aug-18
Jul-19
Aug-19
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
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. 41
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