highlights • Listings in the Greater Vancouver board area continued to grow in May, reaching 15,067, the most since October 2014. • Despite continuing to increase, overall inventory is close to where we would expect it to be for a May market (based on historical averages). • The market for each home type continued to shift away from favouring buyers in May, with the sales-to-listings ratio moving to 14% (balanced) for detached, to 20% (on the cusp of a seller’s market) for townhomes, and to 21% (seller’s) for condos.
total listings THE RENNIE ADVANCE
JUNE 2019
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr May Avg 6,693
6,771
vs May 2018 1.8%
vs 10yr May Avg 1.2%
DETACHED listings
May
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
3,000
2,500
vs May 2018 53%
2,020
2,000
10yr May Avg 1,794
1,500
vs 10yr May Avg 13%
1,000
TOWNHOME listings
May
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
vs May 2018 59%
10yr May Avg 5,986
5,869
vs 10yr May Avg 2%
CONDO listings
May
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
CurrentasofJune3,2019.Alldata from theRealEstateBoardofGreaterVancouver.The informationsetoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent, warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipient of the informationshould takestepsas the recipientmaydeemnecessary toverify the informationprior toplacingany relianceupon the information.The informationmaychangeany timewithoutnoticeorobligation to the recipient fromRAR&RMS.
Made with FlippingBook - professional solution for displaying marketing and sales documents online