DETACHED - JULY 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
11 %
5 % UP
16 % DOWN
40 % UP
The 712 detached listings in Vancouver West in July were down 7% compared to June and 16% below July 2018. July’s detached sales (at 80) were up 31% month- over-month and 40% higher year-over-year. The sales-to-listings ratio in July increased to 11%, keeping Vancouver West’s detached segment in buyer’s market territory. At $2.90M, the benchmark price for detached homes was 0.6% below June and dropped 14% from July 2018. The average sold price of $3.40M was 4% above June 2019 and 5% higher vs July 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 762
% Change
No. 850
% Change
TOTAL LISTINGS
712
-7% 31% 40%
-16% 40% 68%
TOTAL SALES
80
61 8%
57 7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
$2,895,400 $2,912,000 -0.6% $3,350,900 -14%
$3,364,852 $3,224,253
4% $3,211,344
5%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$3.35
$3.25
$3.20
4.01
$3.05
$3.03
3.91
$2.93
3.85
$2.90
854
850
800
776
721
712
682
2.74
2.60
2.59
86
80
64
61
57
39
35
Jul-18
Jun-19
Jul-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
CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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