highlights • Total inventory fell on both a month-over-month and a year-over-year basis in September (by 2% and 9%, respectively). Consequently, September was the 12th consecutive month of year-over-year reductions in inventory in the Vancouver Region. • Compared to September of 2019, total listings decreased for ground-oriented homes (by 23% for detached homes and 16% for townhomes) while increasing by 13% for condos. • The overall sales-to-listings (S-L) ratio for the Vancouver Region increased for the 6th consecutive month (to 30%)—its highest level since March 2018—reflecting conditions that remain favourable to sellers (where the S-L ratio is greater than 21%). Each home type was also in a seller’s market: detached at 30%, townhomes at 41%, and condos at 26%.
total listings THE RENNIE ADVANCE
SEPTEMBER
10,000 12,000 14,000 16,000
vs Sep 2019 23%
10yr Sep Avg 11,148
7,881
0 2,000 4,000 6,000 8,000
vs 10yr Sep Avg 29%
DETACHED listings
September
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
vs Sep 2019 16%
10yr Sep Avg 3,101
2,897
vs 10yr Sep Avg 7%
TOWNHOME listings
September
0 500
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
12,000
vs Sep 2019 13%
10,000
8,092
8,000
10yr Sep Avg 7,348
6,000
vs 10yr Sep Avg 10%
4,000
CONDO listings
September
2,000
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
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 October 2, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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