DETACHED - NOVEMBER 2019 greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % DOWN
22 % DOWN
-
60 % UP
BALANCED 17 %
Detached listings in the REBGV decreased to 4,957 in November, 12% below October and 22% lower vs November 2018. Detached sales, at 834, decreased 12% compared to October but were 60% higher vs November 2018. The sales-to-listings ratio was unchanged at 17%, as the REBGV detached market remained in balanced market territory. The detached benchmark price in November was $1.42M, relatively unchanged month-over-month and a 6% decline year-over-year. The average sold price was $1.58M, up 3% from the previous month but 7% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,957
5,657
-12% -12% 0.7%
6,362
-22% 60% 106%
TOTAL SALES
834 17%
945 17%
520
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
8%
$1,415,400 $1,410,500 0.3% $1,502,900
-6% -7%
$1,583,445 $1,532,754
3% $1,705,202
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.50
$1.46
$1.44
$1.42
$1.42
$1.42
$1.41
1.86
1.83
1.83
6,825
6,648
6,362
6,203
5,963
5,344
1.19
1.19
1.18
4,957
915
851
834
753
531
520
343
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
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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