CONDO MARCH west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
23 % DOWN
55 % UP
27 % UP
210 % UP
SELLER’S 35 %
The number of condo listings in West Vancouver decreased 6% between February and March, to 89, and were 23% lower vs March 2020. The 31 condo sales in March were 121% above last month and 210% higher vs last year. The sales-to-listings ratio increased to 35% in March, as West Vancouver’s condo market transi- tioned to seller’s market territory. The condo benchmark price was $1.14M in March, 3% above February and 11% higher year-over-year. The average sold price was $1.51M (up 7% vs February) and the average PSF sales price was $1,102 (14% above February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 116
% Change
TOTAL LISTINGS
89 31
95 14
-6%
-23% 210% 304%
TOTAL SALES
121% 136%
10 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
35%
15%
$1,143,300 $1,114,800 $1,512,226 $1,416,821
3% $1,028,600 7% $972,790
11% 55% 27%
$1,102
$966
14%
$870
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.14
$1.09
$1.07
$1.06
$1.03
$1.01
$1.00
149
147
128
116
113
94
89
31
22
20
12
11
10
9
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
5
BUYER'S MARKET
3+ bdrms
14
16
2 bdrms
52
10
<2 bdrms
. . . . 0 0 0 0 QD
23
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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