DETACHED JULY greater vancouver board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
30 % DOWN
7 % UP
-
33 % UP
SELLER’S 24 %
Detached listings in the REBGV decreased to 4,658 in July, 1.3% above June but 30% lower vs July 2019. Detached sales, at 1,134, increased 30% compared to June and were 33% higher vs July 2019. The sales-to-listings ratio increased to 24%, as the REBGV detached market transitioned to seller’s market territory. The detached benchmark price in July was $1.48M, up 0.9% month-over-month and a 5% increase year-over-year. The average sold price was $1.60M, down 1.2% from the previous month but 7% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,658 1,134
4,600
1.3% 30% 29%
6,656
-30% 33% 90%
TOTAL SALES
870 19%
851 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
$1,477,800 $1,464,200 0.9% $1,407,400 $1,602,141 $1,620,880 -1.2% $1,494,475
5% 7%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.48
$1.46
$1.44
$1.42
$1.41
$1.41
$1.40
1.85
1.85
1.83
6,656
6,214
5,299
1.17
1.17
1.16
4,658
4,398
4,353
4,181
1,134
859
851
832
752
544
442
Jul-19
Jun-20
Jul-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 August 7, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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