the rennie advance - December 2019

highlights • Year-over-year, total sales were up by 55% in November (to 2,505). This was the seventh straight month of 2,000-plus sales and the largest year-over-year increase since December 2013. • Total sales were 1.4% above their past-decade average. Townhomes and condos led the way, being up 6% and 8% versus their decade averages, respectively. Detached sales were, however, down by 8% relative to their historical average.

sales THE RENNIE ADVANCE

NOVEMBER 2019

2,500

November

2,000

vs 10yr Nov Avg 8%

1,500

10yr Nov Avg 910

1,000

834

DETACHED sales

500

vs Nov 2018 60%

0

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

0 100 200 300 400 500 600 700 800

November

vs 10yr Nov Avg 6%

10yr Nov Avg 376

397

TOWNHOME sales

vs Nov 2018 55%

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2,500

November

2,000

vs 10yr Nov Avg 8%

1,500

1,220

10yr Nov Avg 1,131

1,000

vs Nov 2018 50%

CONDO sales

500

0

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Copyright © 2019 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 December 2, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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