highlights • In spite of the changing pattern of sales and listings, overall median prices dipped by 3% month-over-month. Median prices fell by 3% for detached, 1.6% for townhomes, but rose 3% for condos. • Compared to July 2018, median prices this July also saw decreases across all product-types; detached and townhomes were 10% below and condos 6% below. • The ratio of detached-to-townhome slightly decreased month-over-month (from 1.75 to 1.73) while the townhome-to-condo ratio fell to 1.25 (the lowest level since February 2018).
median prices THE RENNIE ADVANCE
JULY 2019
$1,600,000
July
$1.25 M
$1,200,000
vs Jun 2019 3%
$800,000
vs Jul 2018 10%
DETACHED median sales price
$400,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$1,000,000
July
$723,500
$800,000
vs Jun 2019 1.6%
$600,000
$400,000
vs Jul 2018 10%
TOWNHOME median sales price
$200,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$800,000
July
$580,000
$600,000
vs Jun 2019 3%
$400,000
vs Jul 2018 6%
CONDO median sales price
$200,000
$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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