DETACHED - FEBRUARY 2020 greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
26 % DOWN
9 % UP
-
0.7 % DOWN
52 % UP
BALANCED 17 %
Detached listings in the REBGV increased to 4,129 in February, 0.8% above January but 26% lower vs February 2019. Detached sales, at 686, increased 55% compared to January and were 52% higher vs February 2019. The sales-to-listings ratio increased to 17%, as the REBGV detached market transitioned to balanced market territory. The detached benchmark price in February was $1.43M, relatively unchanged month-over-month and a 0.7% decline year-over-year. The average sold price was $1.60M, up 0.8% from the previous month and 9% 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
4,129
4,097
0.8% 55% 53%
5,596
-26% 52% 106%
TOTAL SALES
686 17%
444 11%
452
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
8%
$1,433,900 $1,431,200 0.2% $1,444,200 -0.7% $1,602,564 $1,589,783 0.8% $1,468,915 9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.44
$1.43
$1.43
$1.42
$1.42
$1.41
$1.41
1.85
1.83
1.83
6,829
6,524
6,332
5,772
5,596
1.18
1.16
1.16
4,129
3,840
945
760
711
686
603
584
452
Feb-19
Jan-20
Feb-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 March 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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