highlights • On a month-over-month basis, median sales prices fell for all product types in June 2019: by 1.9% for detached, 1.1% for townhomes, and 1.7% for condos. • On a year-over-year basis, median sales prices were down by 9% for detached, 10% for townhomes, and 7% for condos. Compared to their respective peaks, median prices in June 2019 were 14% lower for detached, 11% lower for townhomes, and 10% lower for condos. • In declining marginally to 1.75 in June 2019 from 1.76 in May, the ratio of detached-to-townhome prices trended in a direction favouring upsizers. In contrast, it became marginally more difficult to upsize from a condo to a townhome in June, with the price ratio increasing to 1.30 from 1.29.
median prices THE RENNIE ADVANCE
JUNE 2019
$1,600,000
$1.28 M
June
$1,200,000
vs May 2019 1.9%
$800,000
vs Jun 2018 9%
DETACHED median sales price
$400,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$1,000,000
June
$735,000
$800,000
vs May 2019 1.1%
$600,000
$400,000
vs Jun 2018 10%
TOWNHOME median sales price
$200,000
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$800,000
June
$565,000
$600,000
vs May 2019 1.7%
$400,000
vs Jun 2018 7%
CONDO median sales price
$200,000
$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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