CONDO - DECEMBER 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
4 % DOWN
25 % DOWN
87 % UP
SELLER’S 31 %
Condo listings in Vancouver West decreased to 851 in December 2019, 30% below November and 25% lower than in December 2018. Month-over-month, condo sales fell by 15% in December (to 260), while year-over-year sales jumped by 87%. Rising to 31%, the sales-to-listings ratio remained in seller’s market territory. December’s condo benchmark price of $760,300 was 1.3% higher month-over-month but 3% below December 2018. The average sold price was $918,297 at an average PSF sales price of $1,031 (down 3% and 2%, respec- tively, 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
851 260 31%
1,222
-30% -15% 22%
1,134
-25% 87% 149%
TOTAL SALES
305 25%
139 12%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$760,300 $750,400 $918,297 $948,678
1.3% $783,700 -3% $943,682
-3% -3% -4%
$1,031
$1,052
-2%
$1,069
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$783,700 $784,300 $764,600 $744,300 $756,000 $754,100 $760,300
1,807
1,768
1,486
1,410
1,397
1,134
851
365
314
260
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
13
3+ bdrms
BUYER'S MARKET
149
122
2 bdrms
454
125
<2 bdrms
. . . . 0 0 0 0
248
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 January 6, 2020. All data from RealEstateBoardof 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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