westvancouver CONDO-MARCH 202
SALESTO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere45condolistingsinWestVancouverin March,15%aboveFebruaryand49%lowerthanMarch 2021. Marchcondosalesdecreasedby50%month-over-month, to9,andwere72%belowMarch2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 12% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 28% VS2021
▼ 20% VS2021
▼ 49% VS2021
▼ 72% VS2021
THISMONTH No. $953 $1,055,500 $755,000 20% 9 45
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change -12% -29% -20% -44% -72% -49%
No.
%Change
Thesales-to-listingratioforcondosinWestVancouver, at20%,reflectedabalancedmarket.
TOTALLISTINGS TOTALSALES
32 89
18 39
-11% -19% -25% -57% -50% 15%
ThecondomedianpriceinMarchwas$755,000,a25% decreasefromFebruaryand20%belowMarch2021. Theaveragesoldpricewas$1,055,500,19%belowlast month;theaveragePSFsalepricewas$953,down11% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,083 $1,476,375 $939,250 36%
$1,074 $1,309,267 $1,011,500 46%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
84
89
82
81
69
57
48
57
51
45
36
28
18 39
32
21
21
32
20
20
19
19
19
18
9
13
$1.28M
$1.25M
$1.17M
$1.09M
$1.07M
$1.01M
$985K
$939K
$913K
$825K
$755K
$755K
$735K
WESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
15
4+bdrms
1
10
60%
3bdrms
12
50%
50%
33%
5
4
2bdrms
19
6%
0
4
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
5 3 60%
4 2 50%
3 0 n/a
3 1 33%
4 2 50%
9 0 n/a
6%
14
17 1
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