the rennie advance - July 2019

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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