condo
W E S T V A N C O U V E R - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
49 % UP
8 % DOWN
BUYER’S 11 %
6 % UP
8 % DOWN
The number of condo listings in West Vancouver increased 7% between January and February, to 103, and was 49% above February 2018. The 11 condo sales in February were 4 above last month but a decrease of 1 vs last year. The sales-to-listings ratio increased to 11% in February, as condos in West Vancouver remained in a buyer’s market. The condo benchmark price was $1.10M in February, 0.5% below January and an 11% decrease vs last February. The average sold price was $1.60M and the average PSF sales price was $1,067, down 53% and 40%, respectively, vs January.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
103
96
7%
69 12
49% -8% -39%
TOTAL SALES
11
7
57% 46%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
7%
17%
$1,103,800 $1,108,800 -0.5% $1,237,100 -11% $1,602,455 $3,412,229 -53% $1,510,583 6%
$1,067
$1,784
-40% $1,163
-8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.30
$1.29
$1.24
$1.19
$1.16
$1.14
$1.10
118
103
101
99
98
78
69
20
15
14
13
12
11
10
WEST VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
1
BALANCED
3+ bdrms
BUYER'S MARKET
16
7
2 bdrms
64
3
<2 bdrms
. . . . 0 0 0 0 QD QD QD
23
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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