highlights • For a fourth consecutive month, overall year-over-year sales rose (to 2,869) in October, an increase of 46%. This was also the sixth straight month of 2,000+ sales. • Compared to the past 10-year average for October, overall sales were up 6% last month. This was driven by townhomes and condos (up 13% and 16% versus their respective 10-year averages), with detached sales still down by 8%. • October sales were 23% higher than in September—notable because sales typically only increase by 7% at this time of year. The most recent jump in sales was relatively consistent across all home types, with detached up 25% (versus its average month- over-month change of 8%), townhomes up 31% (versus 11%), and condos up 19% (versus 6%).
sales THE RENNIE ADVANCE
OCTOBER 2019
2,500
October
2,000
vs 10yr Oct Avg 8%
1,500
10yr Oct Avg 1,029
1,000
945
DETACHED sales
500
vs Oct 2018 48%
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 100 200 300 400 500 600 700 800
October
vs 10yr Oct Avg 13%
465
10yr Oct Avg 410
vs Oct 2018 50%
TOWNHOME sales
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,500
October
2,000
vs 10yr Oct Avg 16%
1,500
1,386
10yr Oct Avg 1,197
1,000
vs Oct 2018 41%
CONDO sales
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Copyright © 2019 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 November 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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