DETACHED FEBRUARY greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
27 % DOWN
17 % UP
-
82 % UP
40 %
Detached listings in the REBGV increased to 3,130 in February, 1.7% above January but 27% lower vs February 2020. Detached sales, at 1,240, increased 65% compared to January and were 82% higher vs February 2020. The sales-to-listings ratio increased to 40%, as the REBGV detached market remained in seller’s market territory. The detached benchmark price in February was $1.62M, up 3% month-over-month and a 14% increase year-over-year. The average sold price was $1.87M, up 3% from the previous month and 17% higher year-over-year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,130 1,240
3,079
1.7% 65% 62%
4,309
-27% 82% 150%
TOTAL SALES
751 24%
682 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
40%
$1,621,200 $1,576,800 $1,869,377 $1,814,181
3% $1,425,800 3% $1,603,128
14% 17%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.62
$1.55
$1.52
$1.49
$1.46
$1.45
$1.43
1.93
1.93
1.82
4,985
1.20
4,721
1.20
4,654
1.15
4,309
4,232
3,057
3,130
1,350
1,240
1,107
1,033
869
682
392
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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