CONDO FEBRUARY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
1.2 % UP
0.2 % DOWN
21 % UP
70 % UP
SELLER’S 34 %
Condo listings in Vancouver West decreased to 1,290 in February, 3% below January but 21% higher vs February 2020. Month-over-month, condo sales increased by 57% in February (to 445), while year-over-year sales increased by 70%. Increasing to 34%, the sales-to-listings ratio remained in seller’s market territory. February’s condo benchmark price of $794,500 was 4% higher month-over-month but 0.2% below February 2020. The average sold price was $903,848 at an average PSF sales price of $1,071 (down 3% and up 2%, respectively, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,290
1,331
-3% 57% 62%
1,070
21% 70% 41%
TOTAL SALES
445 34%
284 21%
261 24%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$794,500 $762,500 $903,848 $934,081
4% $796,400 -3% $881,718
-0.2%
3%
$1,071
$1,047
2%
$1,058
1.2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$796,400 $806,200 $789,300 $799,400 $783,700 $759,700 $794,500
2,053
1,907
1,558
1,409
1,290
1,219
1,070
445
365
361
343
281
261
129
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
22
3+ bdrms
BUYER'S MARKET
168
183
2 bdrms
618
240
<2 bdrms
. . . . 0 0 0 0
504
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.
43
Made with FlippingBook - professional solution for displaying marketing and sales documents online