DETACHED OCTOBER vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BALANCED 19 %
16 % DOWN
3 % UP
42 % UP
The 585 detached listings in Vancouver West in October were 5% below September and 16% below October 2019. October’s detached sales (at 111) were 7% higher month-over-month and 42% above year-over-year. The sales-to-listings ratio in October increased to 19% as Vancouver West’s detached segment remained in balanced market territory. At $3.12M, the benchmark price for detached homes was 1.1% above September and 6% higher vs October 2019. The average sold price of $3.43M was 8% below September but 3% higher vs October 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 615 104 17%
% Change
No. 695
% Change
TOTAL LISTINGS
585 111 19%
-5%
-16% 42% 69%
TOTAL SALES
7%
78
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
11%
$3,118,200 $3,084,600 1.1% $2,955,100
6% 3%
$3,425,356 $3,724,398
-8% $3,335,566
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.69
2.65
2.65
$3.12
$3.08
$3.08
$3.02
$2.96
$2.95
$2.94
1.49
695
1.48
1.48
605
585
554
528
501
472
111
91
78
77
62
60
36
Oct-19
Sep-20
Oct-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 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 November 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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