DETACHED FEBRUARY west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 17 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
40 % UP
-
19 % DOWN
77 % UP
SELLER’S 24 %
The number of detached listings in West Vancouver in February (at 331) was 5% below January and 19% below February 2020. The 78 detached sales in February were up by 169% month-over-month and 77% above February of last year. The sales-to-listings ratio increased to 24% in February, as West Vancouver’s detached segment transitioned to seller’s market territory. February’s benchmark price was $2.97M—2% above January and 17% higher than in February 2020. The average sold price of $3.61M was 9% below last month but 40% higher vs last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 349
% Change
No. 410
% Change
TOTAL LISTINGS
331
-5%
-19% 77% 120%
TOTAL SALES
78
29 8%
169% 184%
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SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
11%
$2,972,400 $2,906,700 $3,610,081 $3,983,545
2% $2,545,500 -9% $2,579,687
17% 40%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.71
2.67
2.51
$2.97
$2.79
$2.74
$2.67
$2.59
$2.57
$2.55
468
455
435
410
387
331
315
78
74
53
49
44
43
21
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
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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