CONDO - OCTOBER 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
7 % DOWN
12 % DOWN
36 % UP
SELLER’S 28 %
Condo listings in Vancouver West increased to 1,311 in October 2019, 14% below September and 12% lower than in October 2018. Year-over-year condo sales were up by 36% in October (to 365), with month-over-month sales increasing by 21%. Increasing to 28%, the sales-to-listings ratio transi- tioned to seller’s market territory. October’s condo benchmark price of $754,100 was relatively unchanged month-over-month and 7% below October 2018. The average sold price was $892,339 at an average PSF sales price of $1,011 (down 4% and 2%, respec- tively, month-over-month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,311
1,523
-14% 21% 40%
1,483
-12% 36% 53%
TOTAL SALES
365 28%
302 20%
269 18%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$754,100 $754,800 $892,339 $930,652
-0.1% $809,600 -4% $1,008,389
-7%
-12%
$1,011
$1,036
-2%
$1,086
-7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$809,600 $783,700 $784,300 $764,600 $744,300 $756,000 $754,100
1,806
1,767
1,483
1,485
1,409
1,311
1,134
365
314
269
254
232
186
139
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
20
3+ bdrms
BUYER'S MARKET
187
160
2 bdrms
702
185
<2 bdrms
. . . . 0 0 0 0
422
S-L RATIO SALES INVENTORY
Copyright © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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