highlights • In November, inventory in the Greater Vancouver board area fell to a 10-month low of 10,839 total active listings. Listings were down for all home types year-over-year, led by the detached segment (at 22%), and then townhomes (by 17%), and condos (by 13%). Overall, total inventory saw a year-over-year decline of 19%. • November’s inventory contracted faster than usual for this time of year, with month- over-month detached inventory falling by 12% (versus the past-decade average of 9%), townhomes by 17% (versus 8%), and condos by 16% (versus 7%). • With a sales-to-listings (S-L) ratio of 17%, conditions in the detached segment remained balanced in November, while the S-L ratios in the townhome and condo segments (at 28% and 30%, respectively) reflected conditions favourable to sellers.
total listings THE RENNIE ADVANCE
NOVEMBER 2019
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
vs Nov 2018 22%
10yr Nov Avg 5,685
4,957
vs 10yr Nov Avg 13%
DETACHED listings
November
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
3,000
2,500
vs Nov 2018 13%
2,000
10yr Nov Avg 1,566
1,500
1,441
1,000
TOWNHOME listings
vs 10yr Nov Avg 8%
November
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Nov Avg 5,268
4,105
vs Nov 2018 17%
vs 10yr Nov Avg 22%
CONDO listings
November
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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