the rennie review - October 2020

DETACHED  SEPTEMBER  west vancouver

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

5 % DOWN

-

7 % UP

19 % DOWN

83 % UP

BALANCED 14 %

The number of detached listings in West Vancouver in September (at 447) were 3% below August and 19% below September 2019. The 64 detached sales in September were up by 31% month-over-month and up by 83% year-over-year. The sales-to-listings ratio increased to 14% in September, as conditions reflected balanced market conditions. September’s benchmark price was $2.69M—0.6% above August and 7% higher than in September 2019. The average sold price of $2.87M was 26% below last month and 5% below last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 463

% Change

No. 551

% Change

TOTAL LISTINGS

447

-3% 31% 35%

-19% 83% 125%

TOTAL SALES

64

49

35 6%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

14%

11%

$2,687,400 $2,671,600 0.6% $2,520,100 $2,865,017 $3,856,577 -26% $3,010,227

7%

-5%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

2.67

2.53

2.47

$2.69

$2.66

$2.62

$2.57

$2.55

$2.54

$2.52

551

491

447

448

416

411

394

64

54

52

41

35

30

21

Sep-19

Aug-20

Sep-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

     

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET







 

. . . 0 0 0 0 0 QD QD QD QD                    

S-L RATIO SALES INVENTORY

Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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