greater vancouver board area
CONDO - JULY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % DOWN
7 % DOWN
30 % UP
15 % UP
SELLER’S 22 %
The number of condo listings in the REBGV decreased to 5,603 in July, 8% below June but 30% above July 2018. At 1,245, condo sales were 32% higher month-over- month and 15% higher year-over-year. The sales-to-listings ratio increased to 22%, as the REBGV condo market transitioned to seller’s market territory. The condo benchmark price in July was $653,200, virtually unchanged from June and 9% lower than in July 2018. The average sold price was $656,772 (2% above June) with an average PSF sales price of $764 (up from June by 2%).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,603 1,245
6,097
-8% 32% 43%
4,303 1,081
30% 15% -12%
TOTAL SALES
946 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
22%
25%
$653,200 $654,700 $656,772 $643,458
-0.2% $716,000 2% $709,235
-9% -7% -7%
$764
$749
2%
$820
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$716,000 $696,500 $677,500 $670,200 $667,500 $664,200 $653,200
6,196
5,603
5,258
4,938
4,834
4,342
4,303
1,245
1,245
1,081
872
815
814
559
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
84
3+ bdrms
BUYER'S MARKET
566
652
2 bdrms
3,300
509
<2 bdrms
. . . . 0 0 0 0
1,737
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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