highlights • On a year-over-year basis , inventory was down by double-digits across all home types: by 26% for detached homes, by 24% for townhomes, and by 22% for condos. • In line with seasonal patterns of change, inventory across the Greater Vancouver board area increased for all home types between December and January . Having said that, it is worth noting that inventory rose by only 5% versus the average seasonal increase of 16%. • The sales-to-listings ratio fell for all three home types in January. Conditions now favour buyers in the detached home segment, while conditions remain favourable to sellers in both the townhome and condo segments.
total listings THE RENNIE ADVANCE
JANUARY
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Jan Avg 4,848
3,947
vs Jan 2019 26%
DETACHED listings
vs 10yr Jan Avg 19%
January
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
3,000
2,500
2,000
1,500
10yr Jan Avg 1,312
1,113
1,000
vs Jan 2019 24%
TOWNHOME listings
January
vs 10yr Jan Avg 15%
500
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Jan Avg 4,538
3,390
vs Jan 2019 22%
CONDO listings
vs 10yr Jan Avg 25%
January
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
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 February 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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