TOWNHOME - MAY 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
29 % UP
17 % UP
13 % DOWN
12 % DOWN
BALANCED 16 %
At 296, the number of townhome listings in Vancouver West were 0.7% higher in May than in April and 29% above May 2018. Townhome sales, at 48, were up by 50% vs April and were17% above last May. The sales-to-listings ratio increased to 16% in May as Vancouver West’s townhome market became balanced. The benchmark price in May was $1.12M, 0.8% above last month but 14% lower than last year. The average sold price was $1.30M, while the aver- age PSF sales price was $938 (down 1.5% and 6%, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 294
% Change
No. 229
% Change
TOTAL LISTINGS
296
0.7% 50% 49%
29% 17% -9% -14% -13% -12%
TOTAL SALES
48
32
41
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
11%
18%
$1,116,000 $1,107,400 $1,303,814 $1,323,079
0.8% $1,304,500 -1.5% $1,499,073
$938
$997
-6%
$1,070
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.30
$1.29
$1.25
$1.23
$1.22
$1.12
$1.11
296
250
238
229
224
219
183
48
41
39
28
28
25
14
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
1
4+ bdrms
BUYER'S MARKET
33
22
3 bdrms
109
25
<3 bdrms
. . . . 0 0 0 0 QD
154
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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