Woodframe Pre-Sale Pricing Snapshot as of April 2019

pre-sale pricing snapshot

highlights •

The data presented below are price per square foot (PPSF) averages for woodframe pre-sale homes, based on the date of each project’s first home sale. •  Woodframe pre-sale projects in Greater Vancouver that have launched in 2019 (through March) have sold at an average PPSF of $559, 14% below the 2018 year-end average of $650.

AS OF APRIL 2019 WOODFRAME

2018 & 2019 YTD WOODFRAME PRE-SALES

squamish

squamish

Concrete < $499 $500 - $999 < $499 $500 - $749 $750 - $999 $1,000 - $1,249 $1,250 + RAPID TRANSIT LINES (EXISTING & FUTURE) MUNICIPAL BOUNDARIES woodfr e pre-sales 2018 2019 YTD $1,000 - $1,499 $1,500 - $1,999 $2,000 RAPID TRANSIT LINES (EXISTING & FUTURE) MUNICIPAL BOUNDARIES 2019 YTD 2018 & 2019 ytd multi-family pre-sales 2018

WOODFRAME PRICE PER SQUARE FOOT BY SALES START YEAR

CURRENT AS OF APR 1, 2019 2012

$469 $472 $476 $493 $588

$415 $438

$306 $299 $380

$312 $296 $350 $349 $402 $444 $544

$527 $478 $559

$722 $747 $759

$525 $523 $485 $593 $716

$448 $491 $479 $513 $601

$432 $433 $479

2013 2014 2015 2016 2017 2018

$489 $397

$313 $331

$398 $373 $415

$334 $328 $353

$453 $487

$346 $336

$596 $707 $620 $862

$369 $484

$428 $506

$381 $471

$508 $405

$410 $542

$526

$799 $683

$681

$561

$906 $1,244 $791 $1,028 $1,624 $912

$711

$377

$586 $601

$831

$620 $559 $760 $603

$824 $500 $646 $650

2019 YTD

$528

$616

$559

Source: NHS Live Urban Analytics & Rennie (Current as of April 1, 2019) The information contained in this report has been compiled from sources believed to be reliable but the accuracy of the information is not guaranteed. E&OE

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