DETACHED APRI L greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
39 % DOWN
33 % DOWN
2 % DOWN
-
10 %
Detached listings in the REBGV decreased to 3,985 in April, 7% belowMarch and 39% lower vs April 2019. Detached sales, at 393, decreased 54% compared to March and were 33% lower vs April 2019. The sales-to-listings ratio fell to 10%, as the REBGV detached market transitioned to buyer’s market territory. The detached benchmark price in April was $1.46M, increasing 0.8% month-over-month and a 2% increase year-over-year. The average sold price was $1.60M, down 7% from the previous month and 2% lower year-over-year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,985
4,277
-7%
6,525
-39% -33% 10%
TOTAL SALES
393 10%
861 20%
-54% -51%
584
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
$1,462,100 $1,450,700 0.8% $1,429,500
2%
$1,597,608 $1,709,587
-7% $1,632,692
-2%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.46
$1.43
$1.43
$1.42
$1.42
$1.41
$1.41
1.84
1.83
1.83
6,831
6,525
6,333
5,774
1.16
1.16
1.15
4,292
3,985
3,844
945
760
711
684
603
584
393
Apr-19
Mar-20
Apr-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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