DETACHED MARCH vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
SELLER’S 22 %
33 % DOWN
67 % UP
10 % UP
The 482 detached listings in Vancouver West in March were down 13% compared to February and were 33% below March 2019. March’s detached sales (at 107) were up 73% month- over-month and 67% higher year-over-year. The sales-to-listings ratio in March increased to 22% as Vancouver West’s detached segment transitioned to seller’s market territory. At $2.94M, the benchmark price for detached homes was 1.0% above February but 3% below March 2019. The average sold price of $3.35M was 5% above February and 10% higher vs March 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 551
% Change
No. 721
% Change
TOTAL LISTINGS
482 107 22%
-13% 73% 97%
-33% 67% 150%
TOTAL SALES
62
64 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
$2,942,200 $2,914,000 1.0% $3,027,100
-3% 10%
$3,346,370 $3,200,410
5% $3,029,895
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
2.73
MILLIONS
2.60
2.58
$3.03
$2.94
$2.93
$2.93
$2.90
$2.90
$2.89
777
741
721
706
688
1.44
1.42
1.40
559
482
107
86
80
65
64
61
35
Mar-19
Feb-20
Mar-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 April 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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