DETACHED - DECEMBER 2020 greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
28 % DOWN
6 % UP
-
72 % UP
SELLER’S 37 %
Detached listings in the REBGV decreased to 2,790 in December, 33% below November and 28% lower vs December 2019. Detached sales, at 1,036, decreased 3% compared to November but were 72% higher vs December 2019. The sales-to-listings ratio increased to 37%, as the REBGV detached market remained in seller’s market territory. The detached benchmark price in December was $1.55M, up 1.0% month-over-month and a 10% increase year-over-year. The average sold price was $1.77M, up 1.5% from the previous month and 6% higher year-over-year.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,790 1,036
4,162 1,072
-33% -3% 44%
3,856
-28% 72% 137%
TOTAL SALES
603 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
26%
$1,554,600 $1,538,900 1.0% $1,411,200 $1,771,651 $1,746,229 1.5% $1,670,752
10%
6%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
(MILLIONS)
$1.55
$1.52
$1.49
$1.46
$1.45
$1.43
$1.41
1.91
1.89
1.82
4,983
4,714
4,652
1.20
1.20
1.18
4,309
4,230
3,856
2,790
1,350
1,107
1,036
869
682
603
392
Dec-19
Nov-20
Dec-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S-L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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