condo
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 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
103 % UP
36 % DOWN
BALANCED 17 %
9 % DOWN
7 % DOWN
The number of condo listings in the REBGV increased to 4,489 in February, 4% above January and 103% above February 2018. At 760, condo sales were 36% above January but 36% lower than in February 2018. The sales-to-listings ratio increased to 17%, as the REBGV condo market was balanced. The condo benchmark price in February was $660,300, virtually unchanged from January and 4% lower than in February 2018. The average sold price was $678,834 (virtually unchanged from January) with an average PSF sales price of $785 (up from January by 2%).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,489
4,318
4%
2,215 1,184
103% -36% -68%
TOTAL SALES
760 17%
559 13%
36% 31%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
53%
$660,300 $658,600 $678,834 $677,731
0.3% $687,500 0.2% $746,182
-4% -9% -7%
$785
$768
2%
$846
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$687,500 $705,700 $709,200 $695,500 $683,500 $664,100 $660,300
5,091
4,489
4,248
4,026
3,912
3,019
2,215
1,313
1,243
1,184
1,028
983
760
538
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
31
3+ bdrms
BUYER'S MARKET
438
411
2 bdrms
2,618
318
<2 bdrms
. . . . 0 0 0 0
1,433
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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