highlights • Compared to October, the median price for detached homes and condos rose by 3% and 1.6% in November, respectively, while that of townhomes fell by 1.6%. • Compared to November 2018, the median detached price was down 1.2%, while that of townhomes and condos was up 0.3% and 1.9%, respectively. • The detached median price of $1.34M in November was 11% below the peak of aa$1.50M in May 2017. Townhomes (at $757,500) were 9% below their peak of aa$830,000 while condos were 7% below ($589,000 versus $630,000).
median prices THE RENNIE ADVANCE
NOVEMBER 2019
$1,600,000
$1.34 M
November
$1,200,000
vs Oct 2019 1.1% vs Nov 2018 1.2%
$800,000
DETACHED median sales price
$400,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$1,000,000
November
$757,500
$800,000
$600,000
vs Oct 2019 0.3%
$400,000
vs Nov 2018 0.3%
TOWNHOME median sales price
$200,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$800,000
November
$589,000
$600,000
vs Oct 2019 1.7% vs Nov 2018 1.9%
$400,000
CONDO median sales price
$200,000
$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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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