greater vancouver board area
CONDO MAY
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
47 % DOWN
5 % UP
29 % DOWN
BALANCED 15 %
The number of condo listings in the REBGV decreased to 4,392 in May, 4% above April but 29% belowMay 2019. At 656, condo sales were 29% higher month-over- month but 47% lower year-over-year. The sales-to-listings ratio increased to 15%, as the REBGV condo market remained balanced. The condo benchmark price in May was $686,500, relatively unchanged from April and up 3% com- pared to May 2019. The average sold price was $678,495 (increasing 3% from April) with an average PSF sales price of $801 (3% higher vs April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,392
4,241
4%
6,204 1,242
-29% -47% -25%
TOTAL SALES
656 15%
507 12%
29% 25%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
$686,500 $688,800 $678,495 $661,303
-0.3% $666,800 3% $646,285
3% 5% 5%
$801
$777
3%
$763
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$666,800 $655,300 $654,000 $654,000 $666,000 $690,000 $686,500
6,204
5,963
5,591
4,491
4,392
4,344
3,598
1,242
1,243
1,219
1,182
1,167
814
656
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
35
3+ bdrms
BUYER'S MARKET
523
323
2 bdrms
2,461
298
<2 bdrms
. . . . 0 0 0 0
1,408
S-L RATIO SALES INVENTORY
Copyright © 2020 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 June 4, 2020. All data from Real Estate Board of 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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