CONDO - JUNE 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 12 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
29 % UP
8 % DOWN
11 % DOWN
23 % DOWN
BALANCED 15 %
Condo listings in Vancouver West increased to 1,660 in June 2019, 6% below May but 29% higher than in June 2018. Year-over-year condo sales were down by 23% in June (to 254), with month-over-month sales decreas- ing by 21%. Decreasing to 15%, the sales-to-listings ratio remained in balanced market territory. June’s condo benchmark price of $744,300 was 1.9% lower month-over-month and was 12% below June 2018. The average sold price was $867,924 at an average PSF sales price of $983 (up 0.9% and down 1.8%, respectively, month-over-month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,660
1,769
-6%
1,289
29% -23% -40% -12%
TOTAL SALES
254 15%
320 18%
-21% -15%
328 25%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$744,300 $758,500 $867,924 $860,232
-1.9% $842,600 0.9% $946,399 -1.8% $1,101
-8%
$983
$1,001
-11%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$842,600 $825,000 $809,600 $783,700 $784,300 $764,600 $744,300
1,825
1,660
1,500
1,427
1,289
1,251
1,150
328
276
269
254
232
186
139
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
17
3+ bdrms
BUYER'S MARKET
193
111
2 bdrms
867
126
<2 bdrms
. . . . 0 0 0 0
617
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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