DETACHED APRI L vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BUYER’S 8 %
41 % DOWN
41 % DOWN
8 % UP
The 449 detached listings in Vancouver West in April were down 10% compared to March and were 41% below April 2019. April’s detached sales (at 37) were down 65% month-over-month and 41% lower year-over-year. The sales-to-listings ratio in April decreased to 8% as Vancouver West’s detached segment transitioned to buyer’s market territory. At $2.98M, the benchmark price for detached homes was 1.1% above March and 0.9% higher vs April 2019. The average sold price of $3.37Mwas 0.8% above March and 8% higher vs April 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 499 107 21%
% Change
No. 765
% Change
TOTAL LISTINGS
449
-10% -65% -62%
-41% -41% 0.1%
TOTAL SALES
37 8%
63 8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$2,975,400 $2,942,200 1.1% $2,948,100 0.9%
$3,371,715 $3,346,370 0.8% $3,114,530
8%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.66
2.63
2.60
$2.98
$2.95
$2.92
$2.91
$2.91
$2.91
$2.88
782
765
699
695
1.45
1.40
1.40
555
528
449
78
63
62
61
60
60
37
Apr-19
Mar-20
Apr-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 May 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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