DETACHED APRI L vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
13 % DOWN
9 % DOWN
8 %
-
The 788 detached listings in Vancouver West in April were up 4% compared to March but 13% below April 2018. April’s detached sales (at 64) were unchanged month-over-month and 6 lower year-over-year. The sales-to-listings ratio in April was unchanged at 8%, keeping Vancouver West’s detached segment in buyer’s market territory. At $2.95M, the benchmark price for detached homes was 3% below March and dropped 13% from April 2018. The average sold price of $3.12M was 3% above March 2019 but 12% below April 2018.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 756
% Change
No. 906
% Change
TOTAL LISTINGS
788
4%
-13%
TOTAL SALES
64 8%
64 8%
0.0%
70 8%
-9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-4%
5%
$2,948,400 $3,026,300 $3,117,116 $3,029,895
-3% $3,404,200 -13% 3% $3,548,413 -12%
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RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$3.40
$3.39
$3.28
$3.27
$3.14
4.04
$3.03
3.93
$2.95
3.86
926
906
888
862
788
780
640
2.61
2.55
2.52
81
70
65
64
58
43
33
Apr-18
Mar-19
Apr-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S L RATIO
. . . 0 0 0 0 0 QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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