greater vancouver board area
DETACHED - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % DOWN
5 % DOWN
1.7 % DOWN
-
11 %
Detached listings in the REBGV decreased to 6,747 in June, 3% below May and 5% lower vs June 2018. Detached sales, at 761, decreased 17% compared to May and were 1.7% lower than in June 2018. The sales-to-listings ratio decreased to 11%, as the REBGV detached market transitioned to buyer’s market territory. The detached benchmark price in June was $1.42M, virtually unchanged month-over-month and an 11% decline year-over-year. The average sold price was $1.51M, decreasing 5% from the previous month and a 14% drop from the previous year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
6,747
6,927
-3%
7,105
-5%
TOTAL SALES
761 11%
916 13%
-17% -15%
774 11%
-1.7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
4%
$1,423,500 $1,421,900 0.1% $1,596,900 -11%
$1,510,565 $1,582,508
-5% $1,758,651 -14%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.60
$1.56
$1.53
$1.48
2.22
$1.44
$1.43
2.17
$1.42
2.14
1.88
6,946
7,105
1.84
1.82
6,906
6,729
6,747
5,798
4,999
774
761
639
585
576
452
353
Jun-18
May-19
Jun-19
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
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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