CONDO - JULY 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % DOWN
8 % DOWN
17 % UP
20 % UP
SELLER’S 23 %
Condo listings in Vancouver West increased to 1,528 in July 2019, 11% below June but 17% higher than in July 2018. Year-over-year condo sales were up by 20% in July (to 353), with month-over-month sales increasing by 39%. Increasing to 23%, the sales-to-listings ratio transi- tioned to seller’s market territory. July’s condo benchmark price of $752,300 was 1.1% higher month-over-month but was 10% below July 2018. The average sold price was $877,025 at an average PSF sales price of $1,003 (up 1.1% and 2%, 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
1,528
1,724
-11% 39% 57%
1,308
17% 20%
TOTAL SALES
353 23%
254 15%
294 22%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3%
$752,300 $744,300 $877,025 $867,872
1.1% $835,200 1.1% $937,023
-10%
-6% -8%
$1,003
$983
2%
$1,090
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$835,200 $804,100 $781,900 $783,400 $769,200 $758,500 $752,300
1,799
1,590
1,528
1,466
1,406
1,308
1,247
353
320
294
235
209
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
24
3+ bdrms
BUYER'S MARKET
187
160
2 bdrms
795
169
<2 bdrms
. . . . 0 0 0 0
546
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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