greater vancouver board area
CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % UP
2 % UP
5 % UP
66 % UP
SELLER’S 42 %
The number of condo listings in the REBGV decreased to 4,168 in February, 6% below January but 5% higher vs February 2020. At 1,765, condo sales were 48% higher month-over- month and 66% higher year-over-year. The sales-to-listings ratio rose to 42%, as the REBGV condo market remained favourable to sellers. The condo benchmark price in February was $697,500, 2% above January and up 3% compared to February 2020. The average sold price was $693,760 (increasing 0.5% from January) with an average PSF sales price of $817 (2% higher vs January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,168 1,765
4,447 1,194
-6% 48% 58%
3,955 1,061
5%
TOTAL SALES
66% 58%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
42%
27%
27%
$697,500 $680,800 $693,760 $690,548
2% $680,300 0.5% $667,363
3% 4% 2%
$817
$800
2%
$799
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$680,300 $688,800 $680,800 $685,800 $683,500 $676,500 $697,500
6,649
6,407
5,332
4,582
4,364
4,168
3,955
1,765
1,570
1,476
1,335
1,105
1,061
507
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
107
3+ bdrms
BUYER'S MARKET
513
939
2 bdrms
2,307
719
<2 bdrms
. . . . 0 0 0 0
1,348
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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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