greater vancouver board area
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.2 % DOWN
28 % DOWN
-
4 % UP
BUYER’S 9 %
Detached listings in the REBGV increased to 6,507 in April, 7% above March and 4% higher than in April 2018. Detached sales, at 588, increased 11% compared to March but were 28% lower than in April 2018. The sales-to-listings ratio was unchanged at 9%, as the REBGV detached market remained favourable to buyers. The detached benchmark price in April was $1.43M, down 0.8% month-over-month and an 11% decline year-over-year. The average sold price was $1.64M, increasing 3% from the previous month but a 1.2% dip from the previous year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
6,507
6,091
7%
6,255
4%
TOTAL SALES
588
532
11%
816 13%
-28% -31%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
9%
3%
$1,425,200 $1,437,100 -0.8% $1,602,800 -11%
$1,641,697 $1,593,650
3% $1,660,950 -1.2%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.60
$1.60
$1.56
$1.52
$1.48
2.27
$1.44
$1.43
2.19
2.17
7,105
6,944
6,904
6,507
1.89
1.83
6,255
1.82
5,791
4,994
816
774
639
588
576
452
353
Apr-18
Mar-19
Apr-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
CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
Made with FlippingBook - professional solution for displaying marketing and sales documents online