DETACHED JANUARY vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
31 % DOWN
19 % UP
-
78 % UP
SELLER’S 32 %
The number of detached listings in the Vancouver Region in January, at 4,631, was 0.4% higher month- over-month but 31% lower year-over-year. The 1,500 detached sales in January were 25% lower vs last month but 78% higher vs last year. The sales-to-listings ratio decreased to 32%, as the Vancouver Region’s detached market remained in seller’s market territory. The benchmark price in January was $1.37M, 1.9% above December and 13% higher vs January 2020. The average sold price was $1.60M, 5% above the previous month and 19% higher vs January 2020.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,631 1,500
4,614 2,010
0.4% -25% -26%
6,676
-31% 78% 157%
TOTAL SALES
841 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
32%
44%
$1,374,900 $1,349,100 1.9% $1,219,000
13% 19%
$1,603,637 $1,525,601
5% $1,348,100
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.37
$1.33
$1.30
$1.27
$1.25
$1.24
$1.22
1.93
1.90
1.81
8,259
8,096
7,346
1.09
1.09
7,222
1.06
6,820
6,676
4,631
2,347
2,126
2,126
1,496
1,500
891
841
Jan-20
Dec-20
Jan-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2021 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 February 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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