CONDO FEBRUARY vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO 45 %
MARKET SUMMARY ›
3 % UP
1.4 % UP
3 % UP
77 % UP
There were 5,354 condo listings in the Vancouver Region in February, 8% below January but 3% higher vs February 2020. February condo sales increased by 55% month-over- month and were 77% above February 2020. The sales-to-listings ratio for condos in the Vancouver Region increased to 45%, remaining a seller’s market. The condo benchmark price in February was $671,800, increasing 3% from January and 3% higher vs February 2020. The average sold price was $625,178, 0.6% below last month; the average PSF sales price was $733, up 0.8% from last month.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,354 2,432
5,789 1,565
-8% 55% 68%
5,215 1,374
3%
TOTAL SALES
77% 72%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
45%
27%
26%
$671,800 $655,400 $625,178 $628,772
3% $651,000 -0.6% $606,420
3% 3%
$733
$727
0.8%
$722
1.4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$651,000 $660,500 $654,000 $658,200 $655,400 $651,900 $671,800
8,510
8,326
7,018
5,844
5,825
5,354
5,215
2,432
2,070
1,933
1,756
1,512
1,374
657
VANCOUVER REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
145
3+ bdrms
BUYER'S MARKET
632
1,374
2 bdrms
3,067
913
<2 bdrms
. . . . 0 0 0 0
1,655
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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