CONDO - SEPTEMBER 2019 vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
56 % UP
2 % DOWN
SELLER’S 32 %
3 % DOWN
7 % DOWN
There was virtually no change in condo listings in Vancouver East month-over-month (at 457) while September’s listings were down 2% year-over-year. Condo sales increased by 19% from August (to 148) and were up 56% vs last year. The sales-to-listings ratio increased to 32%, as Vancouver East’s condo segment remained in sell- er’s market territory. September’s condo benchmark price was $548,300, down 0.7% from August and 8% lower year-over-year. The average sold price was $625,427, an 8% increase from last month, with an average PSF sales price of $826, 3% above last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 456 124 27%
% Change
No. 468
% Change
TOTAL LISTINGS
457 148 32%
0.2% 19% 19%
-2% 56% 60% -8% -3% -7%
TOTAL SALES
95
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
$548,300 $552,300 $625,427 $576,876
-0.7% $595,300 8% $642,614
$826
$803
3%
$887
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$595,300 $574,200 $565,100 $572,700 $569,300 $550,600 $548,300
538
516
468
457
435
434
350
148
141
127
95
93
90
48
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
5
3+ bdrms
25
SELLER'S MARKET
BALANCED
60
BUYER'S MARKET
2 bdrms
237
83
<2 bdrms
. . . . 0 0 0 0 QD
195
S-L RATIO SALES INVENTORY
Copyright © 2019 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 October 3, 2019. All data from RealEstateBoardof 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.
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