CONDO MAY west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
22 % DOWN
15 % DOWN
1.6 % DOWN
28 % DOWN
9 % UP
BALANCED 12 %
The number of condo listings in West Vancouver decreased 6% between April and May, to 101, and were 28% lower vs May 2019. The 12 condo sales in May were 6 higher than last month and 1 above last year. The sales-to-listings ratio increased to 12% in May, as West Vancouver’s condo market transitioned to a balanced market. The condo benchmark price was $1.01M in May, 1.0% above April but 1.6% lower year-over-year. The average sold price was $1.10M (up 9% vs April) and the average PSF sales price was $939 (relatively unchanged from April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 107
% Change
No. 141
% Change
TOTAL LISTINGS
101
-6%
-28%
TOTAL SALES
12
6
100% 112%
11 8%
9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
6%
52%
$1,006,000 $995,600 $1,104,292 $1,011,667
1.0% $1,022,700 -1.6% 9% $1,414,909 -22%
$939
$937
0.2% $1,104
-15%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.09
$1.03
$1.02
$1.02
$1.02
$1.01
$1.00
141
135
129
118
116
101
94
13
12
12
12
11
10
6
WEST VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
3
BALANCED
3+ bdrms
BUYER'S MARKET
15
5
2 bdrms
64
4
<2 bdrms
. . . . 0 0 0 0 QD QD
22
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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