highlights • At 2,645, there were more sales in the Greater Vancouver board area in May 2019 than in any of the previous 12 months. • The 44% increase in sales between April and May was significant, as it compared to an average increase of 6% between these two months over the past decade. • The month-over-month surge in buying activity saw sales move closer to last year’s levels. This resulted in the sales gap closing for the 5th consecutive month: May 2019’s sales were 6% belowMay 2018—far below April’s sales gap of 29%. • On a year-over-year basis detached sales were down by 1.3% and condo sales were 16% lower; townhome sales were up 2%.
sales THE RENNIE ADVANCE
MAY 2019
2,500
May
vs 10yr May Avg 35%
2,000
10yr May Avg 1,421
1,500
1,000
918
DETACHED sales
vs May 2018 1.3%
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 100 200 300 400 500 600 700 800
vs 10yr May Avg 22%
May
10yr May Avg 529
412
TOWNHOME sales
vs May 2018 2%
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,500
May
vs 10yr May Avg 16%
2,000
10yr May Avg 1,481
1,500
1,248
vs May 2018 12%
1,000
CONDO sales
500
0
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.
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