DETACHED - JUNE 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
8 %
13 % DOWN
15 % DOWN
25 % DOWN
The 789 detached listings in Vancouver West in June were down 3% compared to May and 15% below June 2018. June’s detached sales (at 61) were down 29% month- over-month and 25% lower year-over-year. The sales-to-listings ratio in June decreased to 8%, keeping Vancouver West’s detached segment in buyer’s market territory. At $2.91M, the benchmark price for detached homes was 0.5% below May and dropped 14% from June 2018. The average sold price of $3.23M was 1.2% above May 2019 but 13% below June 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 813
% Change
No. 926
% Change
TOTAL LISTINGS
789
-3%
-15% -25% -12%
TOTAL SALES
61 8%
86
-29% -27%
81 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
$2,912,000 $2,927,600 -0.5% $3,387,900 -14% $3,226,516 $3,188,801 1.2% $3,726,282 -13%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$3.39
$3.27
$3.26
$3.13
4.02
$3.03
3.91
3.86
$2.95
$2.91
926
889
863
816
789
782
2.76
641
2.62
2.59
81
65
64
61
58
43
33
Jun-18
May-19
Jun-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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