greater vancouver board area
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 2 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.9 % DOWN
1.0 % DOWN
22 % DOWN
46 % UP
SELLER’S 24 %
The number of condo listings in the REBGV increased to 3,401 in January, 6% above December but 22% below January 2019. At 815, condo sales were 23% lower month-over- month but 46% higher year-over-year. The sales-to-listings ratio decreased to 24%, as the REBGV condo market remained in seller’s market territory. The condo benchmark price in January was $663,200, 1.0% above December but down 1.0% compared to January 2019. The average sold price was $665,147 (relatively unchanged from December) with an average PSF sales price of $784 (1.4% higher vs December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,401
3,204 1,054
6%
4,343
-22% 46% 86% -1.0% -1.9%
TOTAL SALES
815 24%
-23% -27%
559 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
33%
$663,200 $656,700 $665,147 $667,882
1.0% $670,200 -0.4% $677,731
$784
$773
1.4%
$768
2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$670,200 $667,500 $664,200 $653,200 $651,500 $651,500 $663,200
6,203
5,961
5,589
5,259
4,489
4,343
3,401
1,243
1,243
1,219
1,167
872
815
559
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
45
3+ bdrms
BUYER'S MARKET
428
422
2 bdrms
1,989
348
<2 bdrms
. . . . 0 0 0 0
984
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.
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