detached
V A N C O U V E R E A S T - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
19 % DOWN
-
8 % DOWN
30 % DOWN
BUYER’S 9 %
The number of detached listings in Vancouver East in February, at 632, was down 2% from January and 8% below February 2018. The 54 detached sales were 9 above January but 23 lower vs February 2018. The sales-to-listings ratio slightly increased to 9% in February, reflecting buyer’s market conditions for Vancouver East’s detached segment. February’s benchmark price was $1.41M, 1.1% below January 2019 and 9% lower than in February 2018. The average sold price of $1.38M was 7% below January and 19% lower than in February 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 647
% Change
No. 690
% Change
TOTAL LISTINGS
632
-2% 20% 23%
-8%
TOTAL SALES
54 9%
45 7%
77
-30% -23%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
$1,412,900 $1,428,700 -1.1% $1,560,400
-9%
$1,375,226 $1,485,522
-7% $1,704,755 -19%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.56
$1.54
$1.54
$1.53
$1.48
$1.45
2.76
$1.41
2.69
2.59
918
888
860
839
690
632
1.80
602
1.72
1.68
104
98
79
77
58
54
42
Feb-18
Jan-19
Feb-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD QD
S-L RATIO SALES INVENTORY
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.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 recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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