greater vancouver board area
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
43 % DOWN
0.8 % UP
0.9 % UP
33 % DOWN
BALANCED 13 %
The number of condo listings in the REBGV decreased to 4,000 in April, 5% belowMarch and 33% below April 2019. At 508, condo sales were 57% lower month-over- month and 43% lower year-over-year. The sales-to-listings ratio decreased to 13%, as the REBGV condo market transitioned to balanced market territory. The condo benchmark price in April was $685,500, relatively unchanged fromMarch and up 3% com- pared to April 2019. The average sold price was $661,739 (decreasing 5% fromMarch) with an average PSF sales price of $777 (4% lower vs March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,000
4,190 1,182
-5%
6,011
-33% -43% -14% 0.8% 0.9% 3%
TOTAL SALES
508 13%
-57% -55%
884 15%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
28%
$685,500 $687,000 $661,739 $699,068
-0.2% $667,500 -5% $656,774
$777
$808
-4%
$770
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$667,500 $654,700 $654,000 $652,500 $656,700 $677,200 $685,500
6,224
6,011
5,632
5,061
4,000
3,939
3,287
1,387
1,119
1,063
1,049
945
884
508
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
25
3+ bdrms
BUYER'S MARKET
508
290
2 bdrms
2,203
193
<2 bdrms
. . . . 0 0 0 0
1,289
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 May 5, 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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