DETACHED MAY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BUYER’S 11 %
40 % DOWN
40 % DOWN
5 % UP
The 467 detached listings in Vancouver West in May were relatively unchanged from April and were 40% belowMay 2019. May’s detached sales (at 52) were up 44% month- over-month but 40% lower year-over-year. The sales-to-listings ratio in May increased to 11% as Vancouver West’s detached segment remained in buyer’s market territory. At $3.04M, the benchmark price for detached homes was 0.8% above April and 2% higher vs May 2019. The average sold price of $3.33Mwas 1.6% below April but 5% higher vs May 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 466
% Change
No. 777
% Change
TOTAL LISTINGS
467
0.2% 44% 44%
-40% -40% 0.6%
TOTAL SALES
52
36 8%
86
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
11%
$3,041,100 $3,016,300 0.8% $2,976,800 $3,333,834 $3,388,707 -1.6% $3,188,801
2% 5%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.70
2.68
2.67
$3.04
$2.98
$2.98
$2.97
$2.95
$2.95
$2.94
777
741
706
688
1.47
1.40
1.39
560
512
467
107
86
80
65
61
52
35
May-19
Apr-20
May-20
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
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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
41
Made with FlippingBook - professional solution for displaying marketing and sales documents online