detached
G R E A T E R V A N C O U V E R B O A R D A R E A - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
28 % DOWN
-
15 % DOWN
7 % UP
8 %
Detached listings in the REBGV increased to 5,628 in February, 3% above January and 7% higher than in February 2018. Detached sales, at 453, increased 32% compared to January but were 28% lower than in February 2018. The sales-to-listings ratio increased to 8% as the REBGV detached market remained favourable to buyers. The detached benchmark price in February was $1.44M, a 0.7% dip month-over-month and 10% decline year-over-year. The average sold price was $1.47M, decreasing 10% from the previous month and a 15% decline from the previous year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,628
5,457
3%
5,276
7%
TOTAL SALES
453
344
32% 28%
626 12%
-28% -32%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
8%
6%
$1,443,100 $1,453,400 -0.7% $1,599,000 -10% $1,472,601 $1,633,200 -10% $1,736,258 -15%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.60
$1.60
$1.60
$1.56
$1.52
$1.48
2.33
$1.44
2.21
2.19
7,105
6,944
6,902
1.96
6,255
1.83
1.82
5,628
5,276
4,992
816
774
639
626
576
453
353
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
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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