H I G H L I G H T S • Year-over-year median sales prices in the Greater Vancouver board area were down for all product types in April: by 7% for detached, 5% for townhomes, and 9% for condos. • Having said that, month-over-month median sales prices increased for townhomes (by 2%) and condos (by 0.1%); detached prices fell by 2%. • Opportunities remain prevalent for up-sizers: the ratio of detached-townhome median prices fell to 1.72 in April—32% below the peak achieved at the end of 2015. Meanwhile, at 1.32, the townhome-condo median price ratio was down 11% versus its January 2016 apex.
T H E R E N N I E A D V A N C E
median prices
APRIL 2019
$1,600,000
$1.31 M
April
$1,200,000
vs Mar 2019 2%
$800,000
vs Apr 2018 7%
DETACHED median sales price
$400,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$1,000,000
April
$759,430
$800,000
vs Mar 2019 2%
$600,000
$400,000
TOWNHOME median sales price
vs Apr 2018 5%
$200,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$800,000
April
$575,500
$600,000
vs Mar 2019 0.1%
$400,000
vs Apr 2018 9%
$200,000
CONDO median sales price
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Current as of May 2, 2019. All data from the Real Estate Board of Greater Vancouver. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee the accuracy, correctness and completeness of the information. RAR & RMS does not assume any responsibility or liability of any kind in connection with the information and the recipient’s reliance upon the information. 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 may change any time without notice or obligation to the recipient from RAR & RMS.
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