highlights • For the Greater Vancouver board area, December’s 88% year-over-year increase in sales was the largest in the past 120 months (back to January 2010). Additionally, December’s 2,024 sales marked the 8 th straight month of 2,000-plus sales; it was also the most for any December since 2015. • Sales were up by 72% for detached homes, 75% for townhomes, and 96% for condos versus last year. Compared to their respective long-run December averages, multi- family sales were up by between 4% and 21%, while detached sales remained 14% lower. • There were 25,432 sales in Greater Vancouver for the whole of 2019, which was up by 3% versus 2018.
sales THE RENNIE ADVANCE
DECEMBER 2019
2,500
December
2,000
1,500
vs 10yr Dec Avg 14%
vs Dec 2018 72%
1,000
DETACHED sales
10yr Dec Avg 702
605
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 100 200 300 400 500 600 700 800
December
vs 10yr Dec Avg 4%
10yr Dec Avg 282
293
TOWNHOME sales
vs Dec 2018 75%
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,500
December
2,000
vs 10yr Dec Avg 21%
1,500
1,054
1,000
10yr Dec Avg 873
CONDO sales
500
vs Dec 2018 96%
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 January 2, 2020. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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