greater vancouver board area
CONDO - FEBRUARY 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.8 % DOWN
1.7 % UP
20 % DOWN
40 % UP
SELLER’S 29 %
The number of condo listings in the REBGV increased to 3,716 in February, 6% above January but 20% below February 2019. At 1,064, condo sales were 31% higher month-over- month and 40% higher year-over-year. The sales-to-listings ratio increased to 29%, as the REBGV condo market remained in seller’s market territory. The condo benchmark price in February was $677,200, 2% below January and up 0.8% compared to February 2019. The average sold price was $666,799 (relatively unchanged from January) with an average PSF sales price of $799 (1.8% higher vs January).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,716 1,064
3,514
6%
4,648
-20% 40% 75% 0.8% -1.8% 1.7%
TOTAL SALES
814 23%
31% 24%
759 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
$677,200 $663,200 $666,799 $665,190
2% $671,500 0.2% $679,254
$799
$785
1.8%
$786
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$671,500 $667,500 $654,700 $654,000 $652,500 $656,700 $677,200
6,224
6,011
5,632
5,061
4,648
3,716
3,282
1,387
1,119
1,064
1,053
945
884
759
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
56
3+ bdrms
BUYER'S MARKET
451
559
2 bdrms
2,176
449
<2 bdrms
. . . . 0 0 0 0
1,099
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.
7
Made with FlippingBook - professional solution for displaying marketing and sales documents online