DETACHED JANUARY greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
26 % DOWN
1.6 % DOWN
-
1.7 % DOWN
30 % UP
11 %
Detached listings in the REBGV increased to 3,966 in January, 5% above December but 26% lower vs January 2019. Detached sales, at 444, decreased 26% compared to December but were 30% higher vs January 2019. The sales-to-listings ratio decreased to 11%, as the REBGV detached market favoured buyers. The detached benchmark price in January was $1.43M, up 0.5% month-over-month but a 1.7% decline year-over-year. The average sold price was $1.59M, down 5% from the previous month and 1.6% lower year-over-year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,966
3,763
5%
5,346
-26% 30% 75%
TOTAL SALES
444 11%
604 16%
-26% -30%
342
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
6%
$1,431,200 $1,423,500 0.5% $1,455,600 -1.7%
$1,589,963 $1,671,805
-5% $1,615,593 -1.6%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.46
$1.44
$1.43
$1.42
$1.42
$1.42
$1.41
1.85
1.83
1.83
6,827
6,652
6,208
5,965
5,288
5,346
1.19
1.18
1.18
3,966
915
851
833
752
531
444
342
Jan-19
Dec-19
Jan-20
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
Copyright © 2020 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 February 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online