DETACHED FEBRUARY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BALANCED 20 %
21 % DOWN
10 % UP
42 % UP
The 435 detached listings in Vancouver West in February were 0.9% below January and 21% lower vs February 2020. February’s detached sales (at 88) were 29% higher month-over-month and 42% higher year-over-year. The sales-to-listings ratio in February rose to 20% as Vancouver West’s detached segment remained in balanced market territory. At $3.20M, the benchmark price for detached homes was 1.0% above January and 8% higher vs February 2020. The average sold price of $3.53M was 3% lower month-over-month but 10% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 439
% Change
No. 554
% Change
TOTAL LISTINGS
435
-0.9%
-21% 42% 81%
TOTAL SALES
88
68
29% 31%
62
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
15%
11%
$3,203,200 $3,172,600 1.0% $2,953,100
8%
$3,525,031 $3,649,726
-3% $3,200,410
10%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
2.78
2.74
MILLIONS
2.59
$3.20
$3.16
$3.12
$3.08
$3.08
$3.02
$2.95
1.50
1.47
1.43
618
605
554
501
472
435
431
110
91
88
85
77
62
36
Feb-20
Jan-21
Feb-21
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 QD
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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