Woodframe Pre-Sale Pricing Snapshot - October 2019

pre-sale pricing snapshot

highlights •

The data presented below are price per square foot (PPSF) averages for woodframe pre-sale homes, based on the date of each project’s first home sale. •  Woodframe pre-sale projects in Greater Vancouver that have launched in 2019 (through September) have sold at an average PPSF of $654, 0.8% above the 2018 year-end average of $648.

AS OF OCTOBER 2019 WOODFRAME

2018 & 2019 YTD WOODFRAME PRE-SALES

squamish

squamish

< $499 $500 - $749 $750- $999 $1,000 - $1,249 $1,250 + RAPID TRANSIT LINES (EXISTING & FUTURE) MUNICIPAL BOUNDARIES 2018 & 2019 ytd woodframe pre-sales 2018 2019 YTD

WOODFRAME PRICE PER SQUARE FOOT BY SALES START YEAR

CURRENT AS OF OCT 1, 2019 2012

$469 $473 $476 $493 $588 $799 $820

$414 $438

$305 $488 $397 $346 $428 $506

$299 $313 $331 $336 $381 $471

$380 $398 $373 $415 $508 $681

$312 $296 $350 $349 $403 $444 $504 $580

$530 $725

$525 $523 $485 $593 $716

$448 $488 $480 $513 $601 $711 $824

$432 $433 $479 $484 $526

2013 2014 2015 2016 2017 2018

$334 $329 $353 $405 $569

$478 $559 $596

$747 $759 $707

$453 $487 $683

$369

$620 $862

$410 $542

$906 $1,244 $791 $1,028 $1,624 $911

$377 $498 $527

$586 $602 $646 $648

$610 $561

$760 $603

2019 YTD $804

$696

$613

$558

$764

$627

$1,030 $1,383

$654

Copyright© 2019 renniegroupof companies.All rights reserved. Thismaterialmaynotbe reproducedordistributed, inwholeor inpart,without thepriorwrittenpermissionof the renniegroupof companies.CurrentasofOctober 1, 2019.Alldata fromNHSLiveUrbanAnalytics & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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