CONDO OCTOBER vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % UP
38 % UP
0.0 %
BALANCED 19 %
Condo listings in Vancouver West decreased to 1,929 in October, 4% below September but 38% higher vs October 2019. Month-over-month, condo sales decreased by 3% in October (to 365), while year-over-year sales were unchanged. Unchanged at 19%, the sales-to-listings ratio remained in balanced market territory. October’s condo benchmark price of $783,700 was 0.2% higher month-over-month and 4% higher vs October 2019. The average sold price was $970,353 at an average PSF sales price of $1,038 (up 1.7% but down 3%, respectively, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,929
2,004
-4% -3%
1,400
38% 0.0% -27%
TOTAL SALES
365 19%
377 19%
365 26%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
0.6%
$783,700 $782,200 $970,353 $954,143
0.2% $754,100 1.7% $892,337
4% 9% 3%
$1,038
$1,065
-3%
$1,011
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$796,400 $806,200 $789,300 $799,400 $783,700
$754,100 $760,900
1,929
1,907
1,558
1,400
1,219
1,070
929
365
365
343
281
261
259
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
35
3+ bdrms
BUYER'S MARKET
229
148
2 bdrms
957
182
<2 bdrms
. . . . 0 0 0 0
743
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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