highlights • Inventory (total listings) in the Vancouver Region reached 18,364 in July; this was 4% higher than June but still 19% below July 2019. • July 2020 was the 10th consecutive month where inventory declined on a year-over-year basis, with detached listings down 29%, townhomes down 24%, and condos down 4% versus July 2019. • The overall sales-to-listings (S-L) ratio for the Vancouver Region reflected conditions favourable to sellers (where the S-L ratio is greater than 21%) for a second straight month. This was also true for each home type, with the July 2020 S-L ratios at 27% for detached, 39% for townhomes, and 25% for condos.
total listings THE RENNIE ADVANCE
JULY
10,000 12,000 14,000 16,000
vs Jul 2019 29%
10yr Jul Avg 11,408
7,756
0 2,000 4,000 6,000 8,000
vs 10yr Jul Avg 32%
DETACHED listings
July
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
vs Jul 2019 24%
10yr Jul Avg 3,139
2,814
vs 10yr Jul Avg 10%
TOWNHOME listings
July
0 500
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
12,000
vs Jul 2019 4%
10,000
8,000
10yr Jul Avg 7,595
7,360
6,000
vs 10yr Jul Avg 3%
4,000
CONDO listings
July
2,000
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
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 August 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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