DETACHED - AUGUST 2019 vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
26 % UP
8 % DOWN
-
26 % DOWN
11 %
The number of detached listings in Vancouver East in August, at 646, was down 7% from July and 26% from August 2018. The 73 detached sales were 30% below July but 26% higher vs August 2018. The sales-to-listings ratio decreased to 11% in August, reflecting buyer’s market conditions for Vancouver East’s detached segment. August’s benchmark price was $1.35M, down 0.5% from July 2019 and 11% lower than in August 2018. The average sold price of $1.46M was 0.8% above July but 8% lower vs August 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 695 104 15%
% Change
No. 873
% Change
TOTAL LISTINGS
646
-7%
-26% 26% 70%
TOTAL SALES
73
-30% -24%
58 7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
$1,346,500 $1,352,800 -0.5% $1,520,500 -11% $1,463,844 $1,452,236 0.8% $1,595,193 -8%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.52
$1.48
$1.43
$1.41
2.55
$1.36
2.46
$1.35
$1.35
2.44
873
820
1.64
726
1.61
1.60
722
646
633
584
90
79
73
66
58
54
42
Aug-18
Jul-19
Aug-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD QD
S-L RATIO SALES INVENTORY
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 35
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