CONDO - AUGUST 2019 vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
11 % UP
SELLER’S 29 %
16 % DOWN
14 % DOWN
There was a 15% decrease in condo listings in Vancouver East month-over-month (settling at 425) while August’s listings were up 11% year-over-year. Condo sales decreased by 3% from July (to 124) but were up 11% vs last year. The sales-to-listings ratio jumped to 29%, as Vancouver East’s condo segment remained in sell- er’s market territory. August’s condo benchmark price was $552,300, up 0.3% from July but 7% lower year-over-year. The average sold price was $576,876, a 6% decrease from last month, with an average PSF sales price of $803, unchanged vs last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 499 128 26%
% Change
No. 383 112 29%
% Change
TOTAL LISTINGS
425 124 29%
-15% -3% 14%
11% 11%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
0%
$552,300 $550,600 $576,876 $612,074
0.3% $597,000 -5.8% $687,357
-7%
-16% -14%
$803
$803
0.0%
$934
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$597,000 $586,700 $565,800 $568,400 $577,200 $554,100 $552,300
556
523
465
425
383
361
313
124
119
114
112
89
81
53
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
28
43
2 bdrms
218
78
<2 bdrms
. . . . 0 0 0 0 QD QD
180
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. 37
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