CONDO - DECEMBER 2019 west vancouver
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
17 % DOWN
7 % DOWN
15 % DOWN
10 % UP
BALANCED 13 %
The number of condo listings in West Vancouver decreased 28% between November and December, to 83, and were 15% lower vs December 2018. The 11 condo sales in December were 1 below last month but 1 above last year. The sales-to-listings ratio slightly rose to 13% in December, as West Vancouver’s condo market tran- sitioned to balanced market territory. The condo benchmark price was $1.01M in December, 1.3% below November and 10% lower year-over-year. The average sold price was $1.18M and the average PSF sales price was $945 (down 0.3% and up 0.9%, respectively, vs November).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 116
% Change
No.
% Change
TOTAL LISTINGS
83 11
-28% -8% 28%
98 10
-15% 10% 30%
TOTAL SALES
12
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13%
10%
10%
$1,009,900 $1,022,700 -1.3% $1,125,100 -10% $1,182,455 $1,186,583 -0.3% $1,426,800 -17%
$945
$937
0.9% $1,019
-7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.13
$1.07
$1.07
$1.06
$1.05
$1.03
$1.01
138
132
125
125
112
98
83
12
11
11
10
8
8
8
WEST VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
1
BUYER'S MARKET
3+ bdrms
17
5
2 bdrms
54
5
<2 bdrms
. . . . 0 0 0 0 QD QD
12
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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