DETACHED - OCTOBER 2019 greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % DOWN
18 % DOWN
-
48 % UP
BALANCED 17 %
Detached listings in the REBGV decreased to 5,538 in October, 10% below September and 18% lower vs October 2018. Detached sales, at 945, increased 25% compared to September and were 48% higher vs October 2018. The sales-to-listings ratio rose to 17%, as the REBGV detached market remained in balanced market territory. The detached benchmark price in October was $1.41M, relatively unchanged month-over-month and an 8% decline year-over-year. The average sold price was $1.53M, up 1.7% from the previous month and 6% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,538
6,135
-10% 25% 39%
6,714
-18% 48% 79%
TOTAL SALES
945 17%
754 12%
639 10%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,410,500 $1,406,200 0.3% $1,525,200 $1,533,135 $1,507,581 1.7% $1,624,471
-8% -6%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.53
$1.48
$1.44
$1.43
$1.42
$1.41
$1.41
2.20
2.16
2.16
6,827
6,714
1.86
6,521
1.83
1.83
6,326
5,594
5,538
4,810
945
760
712
639
584
452
352
Oct-18
Sep-19
Oct-19
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 © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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