highlights • On a month-over-month basis, the median sales price in the Greater Vancouver board area was unchanged for detached homes, down 2% for townhomes, and was 0.1% lower for condos. Due to the changing composition of sales between April and May, however, the overall median price for all types was actually up by 3%. • On a year-over-year basis, median sales prices remained lower in May 2019 for all home types: by 11% for detached, by 9% for townhomes, and by 7% for condos compared to May of 2018. • The ratio of detached-to-townhome prices increased in May 2019, rising from 1.72 to 1.76 (favouring downsizers); meanwhile, the townhome-to-condo price ratio fell from 1.32 to 1.29 (favouring upsizers).
median prices THE RENNIE ADVANCE
MAY 2019
$1,600,000
$1.31 M
May
$1,200,000
vs Apr 2019 0.0%
$800,000
vs May 2018 11%
DETACHED median sales price
$400,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$1,000,000
May
$743,000
$800,000
vs Apr 2019 2%
$600,000
$400,000
vs May 2018 9%
TOWNHOME median sales price
$200,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$800,000
May
$575,000
$600,000
vs Apr 2019 0.1%
$400,000
vs May 2018 7%
CONDO median sales price
$200,000
$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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