greater vancouver board area
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
23 % DOWN
36 % UP
SELLER’S 29 %
The number of condo listings in the REBGV increased to 4,029 in March, 5% above February but 23% below March 2019. At 1,184, condo sales were 11% higher month-over- month and 36% higher year-over-year. The sales-to-listings ratio increased to 29%, as the REBGV condo market remained in seller’s market territory. The condo benchmark price in March was $687,000, 1.4% above February and up 3% compared to March 2019. The average sold price was $699,015 (increasing 5% from February) with an average PSF sales price of $808 (1.1% higher vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
4,029 1,184
3,847 1,063
5%
5,259
-23% 36% 77%
TOTAL SALES
11%
872 17%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
28%
6%
$687,000 $677,200 $699,015 $666,857
1.4% $667,500 5% $652,153
3% 7% 6%
$808
$799
1.1%
$759
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$667,500 $664,200 $653,200 $651,500 $651,500 $663,200 $687,000
6,203
5,962
5,589
5,259
4,488
4,029
3,595
1,243
1,243
1,219
1,184
1,167
872
814
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
64
3+ bdrms
BUYER'S MARKET
489
642
2 bdrms
2,284
478
<2 bdrms
. . . . 0 0 0 0
1,256
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 April 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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