greater vancouver board area
CONDO SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % UP
13 % UP
37 % UP
SELLER’S 25 %
The number of condo listings in the REBGV decreased to 6,303 in September, 0.5% above August and 13% higher vs September 2019. At 1,598, condo sales were 20% higher month-over- month and 37% higher year-over-year. The sales-to-listings ratio increased to 25%, as the REBGV condo market remained favourable to sellers. The condo benchmark price in September was $683,500, down 0.3% from August and up 5% com- pared to September 2019. The average sold price was $698,996 (increasing 0.9% from August) with an average PSF sales price of $800 (0.1% lower vs August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
6,303 1,598
6,272 1,336
0.5% 20% 19%
5,595 1,167
13% 37% 22%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
21%
21%
$683,500 $685,800 $698,996 $692,980
-0.3% $654,000 0.9% $672,328 -0.1% $775
5% 4% 3%
$800
$801
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$690,000 $686,500 $682,500 $683,500
$654,000 $654,000 $666,000
6,303
5,923
5,595
4,661
4,498
4,356
3,608
1,598
1,402
1,217
1,181
1,167
814
655
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
105
3+ bdrms
BUYER'S MARKET
710
849
2 bdrms
3,580
644
<2 bdrms
. . . . 0 0 0 0
2,013
S-L RATIO SALES INVENTORY
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 October 5, 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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