CONDO MAY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
44 % DOWN
7 % UP
30 % DOWN
BALANCED 14 %
Condo listings in Vancouver West increased to 1,264 in May, 7% above April but 30% lower than in May 2019. Month-over-month, condo sales increased by 38% in May (to 178), while year-over-year sales fell by 44%. Increasing to 14%, the sales-to-listings ratio transi- tioned to balanced market territory. May’s condo benchmark price of $801,300 was 0.6% lower month-over-month but 6% higher vs May 2019. The average sold price was $917,596 at an average PSF sales price of $1,049 (up 5% and 1.8%, respec- tively, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,264
1,185
7%
1,804
-30% -44% -20%
TOTAL SALES
178 14%
129 11%
38% 29%
319 18%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$801,300 $806,200 $917,596 $871,017
-0.6% $758,500 5% $861,111 1.8% $1,001
6% 7% 5%
$1,049
$1,030
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$811,200 $801,300
$758,500 $752,300 $754,800 $750,400 $775,700
1,804
1,655
1,548
1,264
1,254
1,200
988
353
319
309
305
302
211
178
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
9
3+ bdrms
BUYER'S MARKET
188
72
2 bdrms
619
97
<2 bdrms
. . . . 0 0 0 0
457
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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