rennie review - March 2020

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.

5

Made with FlippingBook - professional solution for displaying marketing and sales documents online