greater vancouver board area
DETACHED - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
11 % DOWN
1.8 % DOWN
1.4 % DOWN
BALANCED 14 %
Detached listings in the REBGV increased to 6,771 in May, 1.8% above April but 1.8% below May 2018. Detached sales, at 917, increased 56% compared to April but were 1.4% lower than in May 2018. The sales-to-listings ratio increased to 14%, as the REBGV detached market transitioned to balanced market territory. The detached benchmark price in May was $1.42M, virtually unchanged month-over-month and an 11% decline year-over-year. The average sold price was $1.59M, decreasing 3% from the previous month and an 11% drop from the previous year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
6,771
6,652
1.8% 56% 53%
6,895
-1.8% -1.4% 0.4%
TOTAL SALES
917 14%
587
930 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
$1,421,900 $1,425,200 -0.2% $1,606,100 -11%
$1,586,775 $1,642,798
-3% $1,788,720 -11%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.61
$1.59
$1.54
$1.50
2.27
$1.45
$1.44
$1.42
2.17
2.14
7,095
1.88
7,102
6,895
1.82
1.82
6,771
6,550
6,166
5,532
930
917
649
532
521
512
344
May-18
Apr-19
May-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
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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