DETACHED - MAY 2019 west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 17 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
44 % UP
12 % DOWN
15 % DOWN
-
10 %
The number of detached listings in West Vancouver in May (557) were virtually unchanged vs April 2019 and 12% below May 2018. The 56 detached sales in May were up by 47% month-over-month and 44% above May 2018. The sales-to-listings ratio rose to 10% in May, as conditions continued to favour buyers in West Vancouver’s detached market. May’s benchmark price was $2.52M—2% below April and 17% lower than in May 2018. The average sold price of $3.07M was 11% lower vs last month and 15% below May 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 558
% Change
No. 636
% Change
TOTAL LISTINGS
557
-0.2%
-12% 44% 64%
TOTAL SALES
56
38 7%
47% 48%
39 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
$2,518,000 $2,580,500
-2% $3,020,100 -17%
$3,068,958 $3,435,823 -11% $3,590,282 -15%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$3.02
$2.92
$2.78
2.46
$2.74
2.36
$2.62
$2.58
2.29
$2.52
636
633
622
572
557
519
491
56
39
32
25
25
23
18
May-18
Apr-19
May-19
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
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
Made with FlippingBook - professional solution for displaying marketing and sales documents online