greater vancouver board area
CONDO - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.6 % DOWN
3 % DOWN
7 % UP
43 % UP
SELLER’S 23 %
The number of condo listings in the REBGV decreased to 5,183 in September, 5% below August but 7% above September 2018. At 1,168, condo sales were 4% higher month-over- month and 43% higher year-over-year. The sales-to-listings ratio increased to 23%, as the REBGV condo market transitioned to seller’s market territory. The condo benchmark price in September was $651,500, virtually unchanged from August and down 6% compared to September 2018. The average sold price was $673,129 (3% above August) with an average PSF sales price of $775 (virtually unchanged from August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,183 1,168
5,461 1,119
-5%
4,835
7%
TOTAL SALES
4%
815 17%
43% 34% -6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
20%
10%
$651,500 $654,000 $673,129 $651,230
-0.4% $696,500 3% $677,257
-0.6%
$775
$772
0.4%
$795
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$696,500 $677,500 $670,200 $667,500 $664,200 $653,200 $651,500
6,199
5,955
5,258
5,183
4,937
4,835
4,343
1,244
1,243
1,168
872
815
814
559
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
61
3+ bdrms
BUYER'S MARKET
540
639
2 bdrms
3,041
468
<2 bdrms
. . . . 0 0 0 0
1,617
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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