greater vancouver board area
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
32 % DOWN
BALANCED 15 %
12 % DOWN
9 % DOWN
91 % UP
The number of condo listings in the REBGV increased to 5,777 in April, 10% above March and 91% above April 2018. At 888, condo sales were 1.8% above March but 32% lower than in April 2018. The sales-to-listings ratio dipped to 15%, as the REBGV condo market remained balanced. The condo benchmark price in April was $656,900, unchanged from March and 7% lower than in April 2018. The average sold price was $656,853 (0.7% above March) with an average PSF sales price of $770 (up from March by 1.4%).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,777
5,240
10% 1.8%
3,019 1,313
91% -32% -65%
TOTAL SALES
888 15%
872 17%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-8%
43%
$656,900 $656,900 $656,853 $652,153
0.0% $705,700 0.7% $747,553
-7%
-12%
$770
$759
1.4%
$847
-9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$705,700 $709,200 $695,500 $683,500 $664,100 $660,300 $656,900
5,777
5,091
4,697
4,248
4,026
3,914
3,019
1,313
1,243
1,028
983
888
759
537
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
43
3+ bdrms
BUYER'S MARKET
540
465
2 bdrms
3,356
380
<2 bdrms
. . . . 0 0 0 0
1,881
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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