highlights • With 2,098 sales in June 2019, the Greater Vancouver Board Area tallied its second consecutive month of more than 2,000 sales following 9 straight months of sub-2,000 sales. • However, sales fell by 21% on a month-over-month basis versus a past-decade average seasonal change of only -3%. • Compared to the past 10-year June average, sales were also 38% lower in June 2019, while compared to June 2018, they were down 14%. Having said that, sales of detached homes and townhomes were down only 1.7% and 8%, respectively, versus one year ago; condo sales, on the other hand, were 24% lower.
sales THE RENNIE ADVANCE
JUNE 2019
2,500
June
vs 10yr Jun Avg 43%
2,000
1,500
10yr Jun Avg 1,334
1,000
DETACHED sales
761
500
vs Jun 2018 1.7%
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 100 200 300 400 500 600 700 800
June
vs 10yr Jun Avg 33%
10yr Jun Avg 510
341
vs Jun 2018 8%
TOWNHOME sales
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,500
June
vs 10yr Jun Avg 36%
2,000
10yr Jun Avg 1,474
1,500
1,000
946
vs Jun 2018 24%
CONDO sales
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
CurrentasofJuly2,2019.Alldata from theRealEstateBoardofGreaterVancouver.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 recipient of the informationshould takestepsas the recipientmaydeemnecessary toverify the informationprior toplacingany relianceupon the information.The informationmaychangeany timewithoutnoticeorobligation to the recipient fromRAR&RMS.
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