greater vancouver board area
CONDO - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % DOWN
7 % DOWN
23 % UP
9 % UP
SELLER’S 22 %
The number of condo listings in the REBGV decreased to 5,182 in August, 11% below July but 23% above August 2018. At 1,120, condo sales were 10% lower month-over- month but 9% higher year-over-year. The sales-to-listings ratio increased to 22%, as the REBGV condo market remained in seller’s market territory. The condo benchmark price in August was $654,000, up 0.1% from July but down 7% com- pared to August 2018. The average sold price was $651,064 (0.9% below July) with an average PSF sales price of $772 (up from July by 1.0%).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,182 1,120
5,801 1,244
-11% -10%
4,196 1,028
23%
TOTAL SALES
9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
22%
21%
1%
24%
-12%
$654,000 $653,200 $651,064 $656,791
0.1% $706,000 -0.9% $712,580
-7% -9% -7%
$772
$764
1.0%
$834
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$706,000 $693,200 $675,200 $671,500 $667,500 $654,700 $654,000
6,220
6,009
5,182
5,040
4,647
4,196
3,862
1,120
1,028
983
945
884
759
537
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
65
3+ bdrms
BUYER'S MARKET
517
603
2 bdrms
3,092
452
<2 bdrms
. . . . 0 0 0 0
1,584
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. 7
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