the rennie review - November 2020

DETACHED  OCTOBER  greater vancouver board area

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 9 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

23 % DOWN

12 % UP

-

43 % UP

30 %

Detached listings in the REBGV decreased to 4,454 in October, 9% below September and 23% lower vs October 2019. Detached sales, at 1,351, increased 2% compared to September and were 43% higher vs October 2019. The sales-to-listings ratio increased to 30%, as the REBGV detached market remained in seller’s market territory. The detached benchmark price in October was $1.52M, up 1.1% month-over-month and a 9% increase year-over-year. The average sold price was $1.71M, up 0.3% from the previous month and 12% higher year-over-year.

VS 

VS 

VS 

VS 

VS 

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

4,454 1,351

4,884 1,323

-9%

5,778

-23% 43% 85%

TOTAL SALES

2%

945 16%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

30%

27%

12%

$1,523,800 $1,507,500 1.1% $1,404,100 $1,714,902 $1,710,341 0.3% $1,532,754

9%

12%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.52

$1.49

$1.46

$1.45

$1.43

$1.41

$1.40

1.87

1.86

1.82

5,778

1.19

1.18

1.18

4,978

4,647

4,454

4,306

4,226

3,853

1,351

1,107

945

869

682

603

392

Oct-19

Sep-20

Oct-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

  

  

SELLER'S MARKET



BALANCED





BUYER'S MARKET



    









. . . 0 0 0 0 0                        

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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