highlights • Month-over-month median price changes were mixed in May, with the median sales price of detached homes declining (by 0.4%) while increasing for townhomes (by 1.3%) and condos (by 0.2%). • When compared to May 2019, median prices were up for all home types: by 2% for detached homes, by 4% for townhomes, and by 0.9% for condos. May marked the 5th consecutive month where each home type has seen a year-over-year increase in its median price. • The detached-to-townhome price ratio fell for a fourth straight month in May, to 1.73—a change favouring up-sizers. Conversely, the townhome-to-condo price ratio rose for a 4th straight month, to 1.34—a change favouring down-sizers in multi-family housing.
median prices THE RENNIE ADVANCE
MAY
0
0D\
YV$SU
YV 0D\
DETACHED median sales price
0D\
YV$SU
YV 0D\
TOWNHOME median sales price
0D\
YV$SU
YV 0D\
CONDO median sales price
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
Made with FlippingBook - professional solution for displaying marketing and sales documents online