DETACHED MAY vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
36 % DOWN
42 % DOWN
3 % UP
-
BALANCED 13 %
The number of detached listings in the Vancouver Region in May, at 7,036, were 3% higher month- over-month and 36% lower year-over-year. With 892 in May, detached sales were 30% above last month but 42% lower vs last year. The sales-to-listings ratio increased to 13%, as the Vancouver Region’s detached market transitioned to a balanced market. The benchmark price in May was $1.25M, relatively unchanged from April and 3% above May 2019. The average sold price was $1.37M, relatively unchanged from the previous month and 0.9% above May 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
7,036
6,860
3%
11,015 1,534
-36% -42%
TOTAL SALES
892 13%
688 10%
30% 26%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14%
-9%
$1,252,000 $1,250,500 0.1% $1,217,000
3%
$1,371,851 $1,374,983 -0.2% $1,359,006 0.9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.25
$1.25
$1.23
$1.22
$1.22
$1.21
$1.21
1.83
1.82
1.80
11,015
10,914 10,254
8,654
1.05
1.04
1.04
7,195
7,036
6,660
1,534
1,498
1,483
1,406
1,340
892
843
May-19
Apr-20
May-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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