greater vancouver board area
CONDO - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
7 % DOWN
8 % DOWN
47 % UP
BALANCED 16 %
The number of condo listings in the REBGV decreased to 5,899 in June, 3% below May but 47% above June 2018. At 946, condo sales were 24% lower month-over- month and year-over-year. The sales-to-listings ratio decreased to 16%, as the REBGV condo market remained in balanced market territory. The condo benchmark price in June was $654,700, 1.4% below May and 9% lower than in June 2018. The average sold price was $643,471 (virtually unchanged from May) with an average PSF sales price of $749 (down from May by 1.8%).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,899
6,104 1,245
-3%
4,026 1,243
47% -24% -48%
TOTAL SALES
946 16%
-24% -21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
31%
$654,700 $664,200 $643,471 $646,169
-1.4% $719,000 -0.4% $694,900 -1.8% $813
-9% -7% -8%
$749
$763
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$719,000 $706,000 $693,200 $675,200 $671,500 $667,500 $654,700
6,067
5,899
5,093
4,704
4,250
4,026
3,916
1,243
1,028
983
946
884
759
537
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
52
3+ bdrms
BUYER'S MARKET
597
518
2 bdrms
3,442
376
<2 bdrms
. . . . 0 0 0 0
1,892
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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