CONDO FEBRUARY west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
100 % UP
34 % UP
100 % UP
BALANCED 15 %
The number of condo listings in West Vancouver remained unchanged between January and February, at 93, and were 12% lower vs February 2020. The 14 condo sales in February were 27% above last month and 100% higher vs last year. The sales-to-listings ratio increased to 15% in February, as West Vancouver’s condo market remained in balanced market territory. The condo benchmark price was $1.12M in February, 4% above January and 10% higher year-over-year. The average sold price was $1.42M (down 9% vs January) and the average PSF sales price was $966 (11% below January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 106
% Change
TOTAL LISTINGS
93 14
93 11
0.0% 27% 27%
-12% 100% 128%
TOTAL SALES
7
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
12%
7%
$1,114,800 $1,072,900 $1,416,821 $1,562,777
4% $1,014,400 -9% $708,429
10%
100%
$966
$1,081
-11%
$722
34%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.11
$1.10
$1.09
$1.01
$1.00
$1.00
$0.98
147
140
125
113
106
93
92
22
18
17
14
11
7
6
WEST VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
BUYER'S MARKET
3+ bdrms
18
11
2 bdrms
50
1
<2 bdrms
. . . . 0 0 0 0 QD
25
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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