highlights • On a year-over-year basis, total listings in the Greater Vancouver board area were down 28% in March. Detached, townhome, and condo inventory was all down by double- digits compared to March 2019, at 30%, 29%, and 24%, respectively. • March’s total listings were relatively unchanged compared to February’s. When considering the month-over-month change by home type, inventory decreased for detached homes and townhomes (by 1.9% and 2%, respectively), while it increased for condos (by 5%). • The sales-to-listings (S-L) ratio rose for all three home types in March, with all segments of the market favouring sellers. The detached segment currently has an S-L ratio of 21%, townhomes 33%, and condos 29%.
total listings THE RENNIE ADVANCE
MARCH 2020
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Mar Avg 5,716
4,156
vs Mar 2019 30%
vs 10yr Mar Avg 27%
DETACHED listings
March
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
3,000
2,500
2,000
10yr Mar Avg 1,544
1,500
1,242
vs Mar 2019 29%
1,000
TOWNHOME listings
vs 10yr Mar Avg 20%
March
500
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Mar Avg 5,300
4,016
vs Mar 2019 24%
vs 10yr Mar Avg 24%
CONDO listings
March
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of April 2, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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