DETACHED MAY greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.3 % UP
39 % DOWN
40 % DOWN
-
BALANCED 13 %
Detached listings in the REBGV decreased to 4,177 in May, 0.8% above April but 39% lower vs May 2019. Detached sales, at 544, increased 39% compared to April but were 40% lower vs May 2019. The sales-to-listings ratio increased to 13%, as the REBGV detached market transitioned to a balanced market. The detached benchmark price in May was $1.46M, relatively unchanged month-over-month and a 3% increase year-over-year. The average sold price was $1.59M, down 0.5% from the previous month and relatively unchanged year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,177
4,143
0.8% 39% 38%
6,829
-39% -40%
TOTAL SALES
544 13%
392
914 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
-3%
$1,456,700 $1,452,300 0.3% $1,415,500
3%
$1,586,673 $1,594,643 -0.5% $1,582,694 0.3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.46
$1.44
$1.42
$1.42
$1.41
$1.41
$1.40
1.84
1.84
1.82
6,829
6,654
6,212
5,294
1.17
1.15
1.15
4,389
4,177
4,176
914
860
851
832
752
544
442
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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