greater vancouver board area
DETACHED - JULY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % DOWN
8 % DOWN
-
31 % UP
BALANCED 13 %
Detached listings in the REBGV decreased to 6,380 in July, 5% below June and 8% lower vs July 2018. Detached sales, at 852, increased 12% compared to June and were 31% higher than in July 2018. The sales-to-listings ratio increased to 13%, as the REBGV detached market transitioned to balanced market territory. The detached benchmark price in July was $1.42M, 0.5% lower month-over-month and an 11% decline year-over-year. The average sold price was $1.50M, decreasing 1.0% from the previous month and a 7% 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
6,380
6,727
-5% 12% 18%
6,922
-8% 31% 42%
TOTAL SALES
852 13%
760 11%
649
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
$1,417,000 $1,423,500 -0.5% $1,583,900 -11% $1,494,694 $1,510,350 -1.0% $1,609,396 -7%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.58
$1.54
$1.50
$1.46
2.21
$1.44
$1.42
2.17
2.17
$1.42
1.87
6,916
1.84
1.84
6,922
6,816
6,380
6,361
5,958
5,341
916
852
649
532
520
512
343
Jul-18
Jun-19
Jul-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
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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