the rennie review - August 2019

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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