CONDO JULY west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
71 % UP
14 % UP
6 % UP
31 % DOWN
BUYER’S 6 %
The number of condo listings in West Vancouver increased 15% between June and July, to 143, and were 6% higher vs July 2019. The 9 condo sales in July were 47% below last month and 31% lower vs last year. The sales-to-listings ratio decreased to 6% in July, as West Vancouver’s condo market transitioned to a buyer’s market. The condo benchmark price was $997,100 in July, 1.5% above June but 8% lower year-over-year. The average sold price was $1.70M (down 9% vs June) and the average PSF sales price was $1,062 (0.9% above June).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 124
% Change
No. 135
% Change
TOTAL LISTINGS
143
15% -47% -54%
6%
TOTAL SALES
9
17
13
-31% -35% -8% 71% 14%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
6%
14%
10%
$997,100 $981,900 $1,702,111 $1,860,382
1.5% $1,085,700 -9% $997,604
$1,062
$1,053
0.9%
$929
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.09
$1.03
$1.02
$1.02
$1.01
$1.00
$1.00
143
135
129
118
116
113
94
13
12
12
12
10
9
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
1
BALANCED
3+ bdrms
BUYER'S MARKET
22
5
2 bdrms
89
3
<2 bdrms
. . . . 0 0 0 0 QD QD QD
32
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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