DETACHED AUGUST greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
5 % UP
-
7 % UP
56 % UP
SELLER’S 23 %
Detached listings in the REBGV decreased to 4,808 in August, 1.5% above July but 24% lower vs August 2019. Detached sales, at 1,108, decreased 2% compared to July but were 56% higher vs August 2019. The sales-to-listings ratio decreased to 23%, as the REBGV detached market remained in seller’s market territory. The detached benchmark price in August was $1.49M, up 0.9% month-over-month and a 7% increase year-over-year. The average sold price was $1.64M, up 2% from the previous month and 5% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,808 1,108
4,735 1,134
1.5%
6,336
-24% 56% 105%
TOTAL SALES
-2% -4%
711 11%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
24%
$1,491,300 $1,477,800 0.9% $1,398,700
7% 5%
$1,638,546 $1,602,141
2% $1,558,503
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.49
$1.46
$1.45
$1.43
$1.41
$1.40
$1.40
1.85
1.85
1.81
6,336
5,778
1.18
1.18
1.17
4,808
4,645
4,304
4,225
3,853
1,108
945
869
711
682
603
392
Aug-19
Jul-20
Aug-20
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 © 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 September 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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