DETACHED JULY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
BALANCED 14 %
26 % DOWN
4 % DOWN
7 % UP
The 549 detached listings in Vancouver West in July were 11% above June but were 26% below July 2019. July’s detached sales (at 77) were unchanged month- over-month and 4% lower year-over-year. The sales-to-listings ratio in July decreased to 14% as Vancouver West’s detached segment remained in balanced market territory. At $3.05M, the benchmark price for detached homes was 0.7% below June but 4% higher vs July 2019. The average sold price of $3.60M was 5% above June and 7% higher vs July 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 494
% Change
No. 741
% Change
TOTAL LISTINGS
549
11% 0.0% -10%
-26% -4% 30%
TOTAL SALES
77
77
80
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14%
16%
11%
$3,053,900 $3,076,700 -0.7% $2,946,200
4% 7%
$3,594,619 $3,411,701
5% $3,364,852
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.75
2.68
2.64
$3.05
$3.04
$2.98
$2.97
$2.95
$2.95
$2.94
741
706
688
1.48
1.44
1.42
560
549
513
482
106
80
77
65
61
52
35
Jul-19
Jun-20
Jul-20
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 © 2020 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 August 7, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
41
Made with FlippingBook - professional solution for displaying marketing and sales documents online