greater vancouver board area
CONDO - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
60 % UP
12 % DOWN
10 % DOWN
8 % DOWN
SELLER’S 21 %
The number of condo listings in the REBGV decreased to 5,889 in May, 0.3% below April but 60% above May 2018. At 1,248, condo sales were 41% above April but 12% lower than in May 2018. The sales-to-listings ratio jumped to 21%, as the REBGV condo market transitioned to seller’s market territory. The condo benchmark price in May was $664,200, 1.1% above April but 6% lower than in May 2018. The average sold price was $646,240 (1.5% below April) with an average PSF sales price of $763 (down from April by 0.9%).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,889 1,248
5,909
-0.3% 3,689
60% -12% -45%
TOTAL SALES
886 15%
41% 41%
1,424
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
39%
$664,200 $656,900 $646,240 $656,364
1.1% $706,400 -1.5% $719,124 -0.9% $826
-6%
-10%
$763
$770
-8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$706,400 $705,400 $687,300 $667,800 $658,600 $667,500 $664,200
5,889
5,315
4,991
4,889
4,397
4,357
3,689
1,424
1,248
1,081
872
815
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
71
3+ bdrms
BUYER'S MARKET
572
664
2 bdrms
3,459
513
<2 bdrms
. . . . 0 0 0 0
1,858
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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