greater vancouver board area
CONDO NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % DOWN
0.5 % DOWN
26 % UP
13 % UP
SELLER’S 24 %
The number of condo listings in the REBGV decreased to 5,677 in November, 12% below October but 26% higher vs November 2019. At 1,372, condo sales were 13% lower month-over- month but 13% higher year-over-year. The sales-to-listings ratio was unchanged at 24%, as the REBGV condo market remained favourable to sellers. The condo benchmark price in November was $676,500, down 1.0% from October but up 3% com- pared to November 2019. The average sold price was $657,097 (decreasing 4% from October) with an average PSF sales price of $774 (0.4% lower vs October).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,677 1,372
6,454 1,570
-12% -13% -0.7%
4,499 1,217
26% 13% -11%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
24%
27%
$676,500 $683,500 $657,097 $685,300
-1.0% $654,000 -4% $670,734 -0.4% $778
3%
-2%
$774
$777
-0.5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$690,000 $686,500 $682,500 $683,500 $676,500
$654,000 $666,000
6,683
5,926
5,677
4,662
4,499
4,357
3,609
1,598
1,402
1,372
1,217
1,181
814
655
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
86
3+ bdrms
BUYER'S MARKET
663
753
2 bdrms
3,190
533
<2 bdrms
. . . . 0 0 0 0
1,828
S-L RATIO SALES INVENTORY
Copyright © 2020 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 December 3, 2020. 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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