CONDO - NOVEMBER 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % DOWN
0.0 %
22 % DOWN
47 % UP
SELLER’S 27 %
Condo listings in Vancouver West increased to 1,144 in November 2019, 16% below October and 22% lower than in November 2018. Month-over-month, condo sales fell by 16% in November (to 305), while year-over-year sales jumped by 47%. Unchanged at 27%, the sales-to-listings ratio remained in seller’s market territory. November’s condo benchmark price of $750,400 was 0.5% lower month-over-month and 4% below November 2018. The average sold price was $948,541 at an average PSF sales price of $1,052 (down 6% and 4%, respec- tively, month-over-month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,144
1,355
-16% -16% -1.0%
1,466
-22% 47% 89%
TOTAL SALES
305 27%
365 27%
207 14%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$750,400 $754,100 $948,541 $892,337
-0.5% $781,900 6% $1,020,734
-4% -7%
$1,052
$1,011
4%
$1,052
0.0%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$781,900 $783,400 $769,200 $758,500 $752,300 $754,800 $750,400
1,803
1,653
1,591
1,547
1,466
1,249
1,144
353
320
305
302
235
207
133
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
19
3+ bdrms
BUYER'S MARKET
166
142
2 bdrms
610
144
<2 bdrms
. . . . 0 0 0 0
368
S-L RATIO SALES INVENTORY
Copyright © 2019 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 December 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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