CONDO JUNE vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
17 % DOWN
11 % UP
BALANCED 19 %
Condo listings in Vancouver West increased to 1,466 in June, 12% above May but 17% lower than in June 2019. Month-over-month, condo sales increased by 58% in June (to 282), while year-over-year sales increeased by 11%. Increasing to 19%, the sales-to-listings ratio remained in balanced market territory. June’s condo benchmark price of $789,300 was 1.5% lower month-over-month but 6% higher vs June 2019. The average sold price was $926,642 at an average PSF sales price of $1,056 (up 1.0% and 0.7%, respec- tively, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,466
1,311
12% 58% 42%
1,770
-17% 11% 34%
TOTAL SALES
282 19%
178 14%
254 14%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$789,300 $801,300 $926,642 $917,596
-1.5% $744,300 1.0% $867,872
6% 7% 7%
$1,056
$1,049
0.7%
$983
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$796,400 $806,200 $789,300
$744,300 $756,000 $754,100 $760,900
1,770
1,466
1,488
1,399
1,217
1,068
926
365
314
282
261
259
254
129
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
20
3+ bdrms
BUYER'S MARKET
198
116
2 bdrms
706
146
<2 bdrms
. . . . 0 0 0 0
562
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 July 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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