highlights • Inventory totalled 19,153 in August, up 1.5% compared to the previous month. This was still 12% below August 2019, representing the 11th consecutive month of year-over-year contractions in inventory in the Vancouver Region. • Total listings of detached homes and townhomes were both down by double-digits on a year- over-year basis (by 24% and 19%, respectively) while condo inventory was higher by 9%. • The overall sales-to-listings (S-L) ratio for the Vancouver Region continues to reflect conditions that are favourable to sellers (where the S-L ratio is greater than 21%). This is also true for each home type, with the August 2020 S-L ratios sitting at 26% for detached, 37% for townhomes, and 22% for condos.
total listings THE RENNIE ADVANCE
AUGUST
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DETACHED listings
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TOWNHOME listings
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CONDO listings
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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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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