CONDO - SEPTEMBER 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % DOWN
5 % DOWN
3 % UP
45 % UP
SELLER’S 21 %
Condo listings in Vancouver West increased to 1,444 in September 2019, 0.8% above August and 3% higher than in September 2018. Year-over-year condo sales were up by 45% in September (to 303), with month-over-month sales decreasing by 4%. Dipping to 21%, the sales-to-listings ratio remained in seller’s market territory. September’s condo benchmark price of $754,800 was virtually unchanged month-over-month and 6% below September 2018. The average sold price was $932,990 at an average PSF sales price of $1,037 (up 8% and 3%, respective- ly, month-over-month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,444
1,432
0.8%
1,407
3%
TOTAL SALES
303 21%
314 22%
-4% -4%
209 15%
45% 41% -6% -4% -5%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$754,800 $756,000 $932,990 $863,958
-0.2% $804,100 8% $970,307
$1,037
$1,004
3%
$1,090
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$804,100 $781,900 $783,400 $769,200 $758,500 $752,300 $754,800
1,801
1,652
1,591
1,466
1,444
1,407
1,249
353
320
303
235
209
207
133
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
23
3+ bdrms
BUYER'S MARKET
181
136
2 bdrms
739
144
<2 bdrms
. . . . 0 0 0 0
524
S-L RATIO SALES INVENTORY
Copyright © 2019 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 October 3, 2019. All data from RealEstateBoardof 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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