DETACHED MARCH vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
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SELLER’S 26 %
21 % UP
8 % UP
38 % UP
The 553 detached listings in Vancouver West in March were 24% above February and 8% higher vs March 2020. March’s detached sales (at 146) were 66% higher month-over-month and 38% higher year-over-year. The sales-to-listings ratio in March rose to 26% as Vancouver West’s detached segment transitioned to seller’s market territory. At $3.29M, the benchmark price for detached homes was 3% above February and 10% higher vs March 2020. The average sold price of $4.02M was 14% higher month-over-month but 21% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 447
% Change
No. 513 106 21%
% Change
TOTAL LISTINGS
553 146 26%
24% 66% 34%
8%
TOTAL SALES
88
38% 28% 10% 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
$3,286,200 $3,203,200 $4,024,338 $3,525,031
3% $2,975,800 14% $3,323,223
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-
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RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.77
2.74
2.63
$3.29
$3.17
$3.12
$3.08
$3.05
$3.04
$2.98
1.47
1.46
1.40
625
579
566
553
513
482
446
146
106
103
96
77
68
52
Mar-20
Feb-21
Mar-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 April 6, 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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