Woodframe Pre-Sale Pricing Snapshot - May 2020

pre-sale pricing snapshot

highlights •

The data presented below are price per square foot (PPSF) averages for woodframe pre-sale homes, based on the date of each project’s first home sale. • Woodframe pre-sale projects in Greater Vancouver that have launched in 2020 (through April) have sold at an average PPSF of $694, 9% above the 2019 year-end average of $636.

AS OF MAY  WOODFRAME

 &  YTD WOODFRAME PRESALES

squamish

squamish

< $499 $500 - $749 $750- $999 $1,000 - $1,249 $1,250 + RAPID TRANSIT LINES (EXISTING & FUTURE) MUNICIPAL BOUNDARIES 2019 & 2020 ytd woodframe pre-sales 2019 2020 YTD

WOODFRAME PRICE PER SQUARE FOOT BY SALES START YEAR

CURRENT AS OF MAY, 2020 2013

$433 $479 $484 $526 $612 $648 $636 $694

$473 $438 $488 $313 $398 $334 $296

$478 $747 $523 $559 $759 $485 $596 $707 $593 $620 $862 $716 $896 $1,244 $791 $1,067 $1,624 $909

$488 $480 $513 $601

2014 2015 2016 2017 2018 2019

$476

$397 $331

$373 $329 $350

$493 $453 $346 $336 $415

$353 $349

$369

$588 $487 $428 $381 $799 $683 $506 $471

$508 $405 $403 $680 $569 $444

$410 $542 $377 $585

$711

$819

$611

$564 $760 $603 $504

$824 $498 $646

$786 $696 $606 $549 $764 $641

$542

$972 $1,375 $875 $1,282

$526 $558

2020 YTD

$817

$615 $550 $787 $594

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 30, 2020. All data from NHS Live Urban Analytics & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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