CONDO MARCH west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
10 % DOWN
12 % DOWN
38 % UP
BUYER’S 10 %
The number of condo listings in West Vancouver increased 1.9% between February and March, to 106, but was 12% lower vs March 2019. The 11 condo sales in March were 4 higher than last month and 3 above last year. The sales-to-listings ratio increased to 10% in March, as West Vancouver’s condo market contin- ued to favour buyers. The condo benchmark price was $1.03M in March, 1.4% above February but 2% lower year-over-year. The average sold price was $938,900 and the average PSF sales price was $846 (up 33% and 17%, respec- tively, vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 104
% Change
No. 121
% Change
TOTAL LISTINGS
106
1.9% 57% 54%
-12% 38% 57%
TOTAL SALES
11
7
8
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
7%
7%
$1,027,600 $1,013,900 1.4% $1,053,700
-2%
$938,900 $708,429
33% $891,000
5%
$846
$722
17%
$940
-10%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.09
$1.05
$1.03
$1.02
$1.02
$1.02
$1.00
141
135
129
121
118
106
94
13
12
12
11
11
8
6
WEST VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
3+ bdrms
20
SELLER'S MARKET
BALANCED
BUYER'S MARKET
7
2 bdrms
62
4
<2 bdrms
. . . . 0 0 0 0 QD QD QD
24
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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