DETACHED FEBRUARY vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 17 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
30 % DOWN
21 % UP
-
93 % UP
50 %
The number of detached listings in the Vancouver Region in February, at 4,883, was 0.9% higher month-over-month but 30% lower year-over-year. The 2,439 detached sales in February were 63% higher vs last month and 93% higher vs last year. The sales-to-listings ratio increased to 50%, as the Vancouver Region’s detached market remained in seller’s market territory. The benchmark price in February was $1.43M, 4% above January and 17% higher vs February 2020. The average sold price was $1.65M, 3% above the previous month and 21% higher vs February 2020.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,883 2,439
4,839 1,499
0.9% 63% 61%
7,019 1,262
-30% 93% 178%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
50%
31%
18%
$1,428,300 $1,374,900 $1,648,165 $1,599,128
4% $1,226,000 3% $1,361,214
17% 21%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.43
$1.35
$1.32
$1.29
$1.26
$1.25
$1.23
1.94
1.93
1.81
8,340
7,845
7,815
1.09
1.09
7,003
7,019
1.04
4,883 2,439
4,750
2,428
2,080
2,009
1,600
1,262
687
Feb-20
Jan-21
Feb-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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