the rennie review - December 2019

DETACHED - NOVEMBER 2019 vancouver east

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 6 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

86 % UP

-

36 % DOWN

SELLER’S 21 %

0.4 % UP

The number of detached listings in Vancouver East in November, at 517, were down 13% from October and 36% lower vs November 2018. The 108 detached sales were unchanged from October 2019 and 86% above November 2018. The sales-to-listings ratio increased to 21% in November, reflecting seller’s market conditions for Vancouver East’s detached segment. November’s benchmark price was $1.38M, 1.2% above October 2019 but 6% lower than in November 2018. The average sold price of $1.53M was 1.1% above October and relatively unchanged vs November 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 592 108 18%

% Change

No. 804

% Change

TOTAL LISTINGS

517 108 21%

-13% 0.0% 15%

-36% 86% 190%

TOTAL SALES

58 7%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

$1,377,100 $1,360,500 $1,532,729 $1,516,359

1.2% $1,461,600 1.1% $1,526,306

-6%

0.4%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.46

$1.42

$1.39

$1.38

$1.36

$1.35

$1.35

1.68

1.60

1.60

1.56

1.54

1.52

804

735

709

680

642

638

517

124

109

108

104

58

53

45

Nov-18

Oct-19

Nov-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                

S-L RATIO SALES INVENTORY

Copyright © 2019 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 December 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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