DETACHED MARCH west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
-
1.1 % DOWN
23 % DOWN
86 % UP
10 %
The number of detached listings in West Vancouver in March (at 392) were down 2% vs February and 23% below March 2019. The 41 detached sales in March were down by 4 month-over-month but 19 above this time last year. The sales-to-listings ratio declined to 10% in March, as conditions continued to favour buyers in West Vancouver’s detached market. March’s benchmark price was $2.55M—relatively unchanged from February and 1.1% below March 2019. The average sold price of $2.79M was 8% higher vs last month and 3% above last year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 401
% Change
No. 512
% Change
TOTAL LISTINGS
392
-2% -9% -7%
-23% 86% 143%
TOTAL SALES
41
45
22 4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
11%
$2,554,000 $2,544,400 0.4% $2,583,600 -1.1%
$2,789,146 $2,573,471
8% $2,706,285
3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
2.51
2.49
2.45
$2.58
$2.57
$2.55
$2.55
$2.54
$2.52
$2.52
578
554
549
512
489
414
392
55
52
43
41
35
22
21
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
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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