highlights • Rising to 2,571 in July, sales in the Greater Vancouver Board Area increased 23% both month-over-month and year-over-year. This was the first year-over-year sales increase in 17 months and the largest year-over-year increase since November 2017. • The increase was seen for all product-types with year-over-year sales rising by 23% overall, 31% for detached, 29% for townhomes, and 15% for condos. • When compared to the 10-year average for July however, sales were still down; 12% overall, 24% for detached, 9% for townhomes, and 4% for condos.
sales THE RENNIE ADVANCE
JULY 2019
2,500
July
2,000
vs 10yr Jul Avg 24%
1,500
10yr Jul Avg 1,128
1,000
853
DETACHED sales
500
vs Jul 2018 31%
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 100 200 300 400 500 600 700 800
July
vs 10yr Jul Avg 9%
10yr Jul Avg 446
404
TOWNHOME sales
vs Jul 2018 29%
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,500
July
vs 10yr Jul Avg 4%
2,000
1,500
10yr Jul Avg 1,294
1,245
1,000
vs Jul 2018 15%
CONDO sales
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
CurrentasofAugust2,2019.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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