greater vancouver board area
CONDO - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % DOWN
7 % DOWN
6 % DOWN
41 % UP
SELLER’S 29 %
The number of condo listings in the REBGV decreased to 4,715 in October, 14% below September and 6% below October 2018. At 1,386, condo sales were 19% higher month-over- month and 41% higher year-over-year. The sales-to-listings ratio increased to 29%, as the REBGV condo market remained in seller’s market territory. The condo benchmark price in October was $652,500, relatively unchanged from September and down 6% compared to October 2018. The average sold price was $661,166 (1.7% below September) with an average PSF sales price of $772 (relatively unchanged from September).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,715 1,386
5,453 1,167
-14% 19% 37%
5,039
-6% 41% 51% -6% -7% -4%
TOTAL SALES
983 20%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
21%
$652,500 $651,500 $661,166 $672,328
0.2% $693,200 -1.7% $709,280 -0.4% $807
$772
$775
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$693,200 $675,200 $671,500 $667,500 $654,700 $654,000 $652,500
6,221
6,009
5,625
5,039
4,715
4,647
3,862
1,386
1,119
983
945
884
759
537
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
81
3+ bdrms
BUYER'S MARKET
540
742
2 bdrms
2,783
563
<2 bdrms
. . . . 0 0 0 0
1,392
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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