DETACHED NOVEMBER greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
25 % DOWN
10 % UP
-
29 % UP
SELLER’S 27 %
Detached listings in the REBGV decreased to 3,978 in November, 14% below October and 25% lower vs November 2019. Detached sales, at 1,073, decreased 21% compared to October but were 29% higher vs November 2019. The sales-to-listings ratio decreased to 27%, as the REBGV detached market remained in seller’s market territory. The detached benchmark price in November was $1.54M, up 1.0% month-over-month and a 9% increase year-over-year. The average sold price was $1.75M, up 1.9% from the previous month and 10% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,978 1,073
4,612 1,350
-14% -21%
5,301
-25% 29% 72%
TOTAL SALES
832 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
27%
29%
-8%
$1,538,900 $1,523,800 1.0% $1,406,900 $1,746,902 $1,714,380 1.9% $1,583,142
9%
10%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.54
$1.51
$1.48
$1.46
$1.44
$1.42
$1.41
1.89
1.87
1.82
5,301
4,960
4,810
1.20
1.19
1.18
4,403
4,358
4,184
3,978
1,321
1,133
1,073
859
832
544
442
Nov-19
Oct-20
Nov-20
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 © 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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