greater vancouver board area
DETACHED - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % DOWN
11 % DOWN
-
24 % UP
BALANCED 12 %
Detached listings in the REBGV decreased to 6,013 in August, 8% below July and 11% lower vs August 2018. Detached sales, at 713, decreased 16% compared to July but were 24% higher than in August 2018. The sales-to-listings ratio dipped to 12%, as the REBGV detached market remained balanced market territory. The detached benchmark price in August was $1.41M, 0.7% lower month-over-month and a 10% decline year-over-year. The average sold price was $1.56M, up 4% from the previous month but down 4% year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
6,013
6,519
-8%
6,767
-11% 24% 39%
TOTAL SALES
713 12%
852 13%
-16%
576
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-9%
9%
$1,406,700 $1,417,000 -0.7% $1,558,900 -10%
$1,560,879 $1,494,452
4% $1,625,064
-4%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.56
$1.53
$1.48
$1.44
$1.43
2.21
$1.42
$1.41
2.17
2.15
1.86
6,714
1.84
6,819
1.82
6,767
6,519
6,013
5,593
4,809
760
713
639
584
576
452
353
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
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.
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