CONDO - JUNE 2019 vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
37 % UP
BALANCED 17 %
8 % DOWN
10 % DOWN
39 % DOWN
There was a 0.9% decrease in condo listings in Vancouver East month-over-month (settling at 522) while June’s listings were up 37% year-over-year. Condo sales decreased by 37% from May (to 89) and were down 39% vs last year. The sales-to-listings ratio dropped to 17%, as Vancouver East’s condo segment transitioned to balanced market territory. June’s condo benchmark price was $554,100, down 3% from May and 8% lower year-over-year. The average sold price was $605,167, a 1.6% increase from last month, with an average PSF sales price of $794, 5% below last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 527 141 27%
% Change
No. 381 146 38%
% Change
TOTAL LISTINGS
522
-0.9% -37% -36%
37% -39% -56%
TOTAL SALES
89
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
$554,100 $569,300 $605,167 $595,440
-3% $601,900 1.6% $659,697
-8% -8%
$794
$832
-5%
$884
-10%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$601,900 $597,000 $586,700 $565,800 $568,400 $577,200 $554,100
524
522
466
381
385
362
314
146
119
114
112
89
81
53
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
29
40
2 bdrms
251
46
<2 bdrms
. . . . 0 0 0 0 QD QD
244
S-L RATIO SALES INVENTORY
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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