greater vancouver board area
CONDO OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % UP
0.6 % UP
22 % UP
13 % UP
SELLER’S 25 %
The number of condo listings in the REBGV decreased to 6,202 in October, 5% below September but 22% higher vs October 2019. At 1,571, condo sales were 1.7% lower month-over- month but 13% higher year-over-year. The sales-to-listings ratio was unchanged at 25%, as the REBGV condo market remained favourable to sellers. The condo benchmark price in October was $683,500, unchanged from September and up 4% compared to October 2019. The average sold price was $685,365 (decreasing 2% from September) with an average PSF sales price of $777 (3% lower vs September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
6,202 1,571
6,516 1,598
-5%
5,069
22% 13% -7%
TOTAL SALES
-1.7% 1,387
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
25%
3%
27%
$683,500 $683,500 $685,365 $699,054
0.0% $654,800 -2% $661,074
4% 4%
$777
$800
-3%
$772
0.6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$654,800 $659,500 $680,300 $688,800 $680,800 $685,800 $683,500
6,402
6,202
5,331
5,069
4,362
3,953
3,299
1,571
1,387
1,335
1,105
1,062
1,047
507
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
109
3+ bdrms
BUYER'S MARKET
716
853
2 bdrms
3,510
609
<2 bdrms
. . . . 0 0 0 0
1,976
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 November 3, 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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