condo
V A N C O U V E R W E S T - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % DOWN
86 % UP
43 % DOWN
BALANCED 14 %
10 % DOWN
Condo listings in Vancouver West increased to 1,357 in February 2019, 9% above January and 86% higher than in February 2018. Year-over-year condo sales were down 43% in February (to 186), with month-over-month sales increasing 40%. Increasing to 14%, the sales-to-listings ratio transi- tioned to balanced market territory. February’s condo benchmark price of $784,300 was virtually unchanged month-over-month and was 6% lower year-over-year. The average sold price was $961,533 at an average PSF sales price of $1,076 (both up 5% month-over-month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 729 329 45%
% Change
TOTAL LISTINGS
1,357
1,242
9%
86% -43% -70%
TOTAL SALES
186 14%
133 11%
40% 28%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$784,300 $783,400 $961,533 $912,406
0.1% $835,800 5% $1,072,545
-6%
-10%
$1,076
$1,027
5%
$1,164
-8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$835,800 $841,700 $842,600 $825,000 $809,600 $783,700 $784,300
1,499
1,357
1,289
1,250
1,148
980
729
351
329
328
276
269
186
139
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
9
3+ bdrms
BUYER'S MARKET
157
82
2 bdrms
702
95
<2 bdrms
. . . . 0 0 0 0
498
S-L RATIO SALES INVENTORY
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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