DETACHED JANUARY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
7 %
22 % DOWN
3 % UP
6 % UP
The 535 detached listings in Vancouver West in January were up 4% compared to December but 22% below January 2019. January’s detached sales (at 35) were down by 25 month-over-month but 1 higher year-over-year. The sales-to-listings ratio in January decreased to 7% as Vancouver West’s detached segment transi- tioned to buyer’s market territory. At $2.93M, the benchmark price for detached homes was relatively unchanged from December and 4% below January 2019. The average sold price of $3.48M was 3% above December and 6% higher vs January 2019.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 515
% Change
No. 683
% Change
TOTAL LISTINGS
535
4%
-22%
TOTAL SALES
35 7%
60
-42% -44%
34 5%
3%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
31% -4%
$2,929,600 $2,920,800 0.3% $3,046,600
$3,476,152 $3,390,743
3% $3,266,364
6%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
2.72
2.57
$3.05
$3.03
2.55
$2.93
$2.93
$2.90
$2.90
$2.89
777
741
721
706
687
683
1.49
1.48
1.43
535
86
80
66
64
61
35
34
Jan-19
Dec-19
Jan-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 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 February 5, 2020. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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