CONDO APRI L vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.9 % UP
44 % DOWN
1.9 % DOWN
40 % DOWN
BALANCED 12 %
Condo listings in Vancouver West decreased to 1,092 in April, 4% belowMarch and 40% lower than in April 2019. Month-over-month, condo sales decreased by 58% in April (to 129), while year-over-year sales fell by 44%. Decreasing to 12%, the sales-to-listings ratio transi- tioned to balanced market territory. April’s condo benchmark price of $805,900 was 0.6% lower month-over-month but 5% higher vs April 2019. The average sold price was $871,017 at an average PSF sales price of $1,030 (down 11% and 3%, respectively, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,092
1,140
-4%
1,807
-40% -44%
TOTAL SALES
129 12%
309 27%
-58% -56%
232 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-8%
$805,900 $810,800 $871,017 $978,035
-0.6% $764,600 -11% $887,955
5%
-1.9% 1.9%
$1,030
$1,067
-3%
$1,011
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$805,900
$764,600 $744,300 $756,000 $754,100 $760,300 $796,100
1,807
1,769
1,487
1,398
1,092
1,065
924
365
314
261
260
254
232
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
5
3+ bdrms
BUYER'S MARKET
179
57
2 bdrms
514
67
<2 bdrms
. . . . 0 0 0 0
399
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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