greater vancouver board area
CONDO - NOVEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
0.5 % UP
17 % DOWN
50 % UP
SELLER’S 30 %
The number of condo listings in the REBGV decreased to 4,105 in November, 16% below October and 17% below November 2018. At 1,220, condo sales were 12% lower month-over- month but 50% higher year-over-year. The sales-to-listings ratio increased to 30%, as the REBGV condo market remained in seller’s market territory. The condo benchmark price in November was $651,500, relatively unchanged from October and down 4% compared to November 2018. The average sold price was $670,811 (1.5% above October) with an average PSF sales price of $779 (0.9% higher vs October).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,105 1,220
4,903 1,388
-16% -12%
4,937
-17% 50% 80%
TOTAL SALES
814 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30%
28%
5%
$651,500 $652,500 $670,811 $661,203
-0.2% $677,500 1.5% $689,331
-4% -3%
$779
$772
0.9%
$775
0.5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$677,500 $670,200 $667,500 $664,200 $653,200 $651,500 $651,500
6,200
5,957
5,585
5,258
4,937
4,343
4,105
1,244
1,243
1,220
1,167
872
814
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
66
3+ bdrms
BUYER'S MARKET
497
683
2 bdrms
2,414
471
<2 bdrms
. . . . 0 0 0 0
1,223
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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