CONDO - JULY 2019 vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
18 % UP
26 %
11 % DOWN
12 % DOWN
3 % DOWN
There was an 11% decrease in condo listings in Vancouver East month-over-month (settling at 488) while July’s listings were up 18% year-over-year. Condo sales increased by 44% from June (to 128) but were down 3% vs last year. The sales-to-listings ratio jumped to 26%, as Vancouver East’s condo segment transitioned to seller’s market territory. July’s condo benchmark price was $550,600, down 0.6% from June and 8% lower year-over-year. The average sold price was $612,074, a 1.1% increase from last month, with an average PSF sales price of $803, 1.1% above last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 550
% Change
No. 415 132 32%
% Change
TOTAL LISTINGS
488 128 26%
-11% 44% 62%
18% -3% -18% -11% -12% -8%
TOTAL SALES
89
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
$550,600 $554,100 $612,074 $605,167
-0.6% $598,800 1.1% $691,450
$803
$794
1.1%
$912
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$598,800 $595,300 $574,200 $565,100 $572,700 $569,300 $550,600
538
488
468
435
434
415
350
141
132
128
95
93
90
48
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
8
3+ bdrms
BUYER'S MARKET
24
51
2 bdrms
231
69
<2 bdrms
. . . . 0 0 0 0 QD
233
S-L RATIO SALES INVENTORY
CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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