vancouver region
CONDO MAY
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
48 % DOWN
5 % UP
26 % DOWN
BALANCED 14 %
There were 5,862 condo listings in the Vancouver Region in May, 3% above April but 26% lower vs May 2019. May condo sales increased by 29% month-over- month but were 48% belowMay 2019. The sales-to-listings ratio for condos in the Vancouver Region increased to 14%, remaining a balanced market. The condo benchmark price in May was $657,300, dropping 0.5% from April but 2% higher vs May 2019. The average sold price was $615,635, 3% above last month; the average PSF sales price was $724, up 3% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,862
5,667
3%
7,963 1,637
-26% -48% -30%
TOTAL SALES
847 14%
657 12%
29% 25%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
$657,300 $660,500 $615,635 $599,263
-0.5% $642,500 3% $585,706
2% 5% 5%
$724
$703
3%
$687
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$642,500 $641,900 $638,800 $628,500 $647,900 $671,600 $657,300
7,963
7,640
7,172
5,771
5,871
5,862
4,704
1,637
1,592
1,586
1,528
1,513
1,060
847
VANCOUVR REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
39
3+ bdrms
BUYER'S MARKET
610
459
2 bdrms
3,432
349
<2 bdrms
. . . . 0 0 0 0
1,820
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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