highlights • Year-over-year sales once again fell across the Greater Vancouver board area in May, with the 1,499 total sales down 43% versus May 2019’s count. Sales of detached homes fell by 40%, townhomes by 36%, and condos by 47%. • That said, May’s sales were up 34% compared to April—contrasting with the average April- to-May sales increase of 7% seen over the past decade. The month-over-month gain was realized across all home types with detached up 39% (compared to the past decade average increase of 8%), townhomes up 36% (compared to 5%), and condos up 29% (compared to 6%). • Compared to the past-decade average, May’s sales were lower by between 49% (for townhomes) and 60% (for detached homes).
sales THE RENNIE ADVANCE
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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 June 2, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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