Market Update - Vivid Real Estatevividrealestate.ca/wp-content/uploads/2020/06/vivid-real... · 2020. 6. 3. · YALETOWN COAL HARBOUR DT WEST t Seller Market Buyer Market ... In Vancouver

Market Update

SIMPLE.

INNOVATIVE.

EFFECTIVE.

May 2020

Areas

GREATER VANCOUVER

DOWNTOWN VANCOUVER

VANCOUVER WESTSIDE

VANCOUVER EASTSIDE

NORTH VANCOUVER

WEST VANCOUVER

VividRealEstate.ca®. All rights reserved. Information contained on this report is not a substitute for professional advice and can in no way be construed as such. This report data was captured from the Real Estate Board of Greater Vancouver

MLS®. While we make every effort to ensure its accuracy and completeness - accuracy and completeness is not guaranteed. This communication is not intended breach of any existing agency relationship.

SIMPLE.

INNOVATIVE.

EFFECTIVE.

Greater VancouverMay 2020

UP DOWNCURRENT

Detached and Attached Homes+

In Greater Vancouver, the number of new listings for residential properties in May 2020

was 3,680, a 60% increase compared to April 2020, when 2,307 homes were listed, and

a 37% decrease from the 5,846 properties listed last May.

The number of residential properties sold in Greater Vancouver in May 2020 was 1,483,

a 34% increase compared to April 2020, when 1,107 homes were sold, and a 44%

decrease from the 2,631 properties sold last May.

3,680 60% -37%

May 2020 Apr 2020 May 2019

1,483 34% -44%

May 2020 Apr 2020 May 2019

15% 3% -3%

May 2020 Apr 2020 May 2019

GREATER VANCOUVER

May, 2020

LISTINGS SALES TO ACTIVE

SALES

What is Sale to Active?To understand the rate at which properties are selling we look at the sales-to-active

listings ratio. This ratio provides simple approach; for example:

• 10% Sales Ratio means 1 in 10 homes are selling.

• 33% Sales Ratio means 1 in 3 homes are selling.

• 50% Sales Ratio means 1 in 2 homes are selling.

Sales ratio also indicates the ratio between supply and demand, which provide us with

the market types. In a buyers’ market, the ratio is between 0% and 14%; a balanced

market ratio is 15% to 20%; and a sellers’ market ratio is 21% plus.

In Greater Vancouver, the sales-to-active listings ratio for residential properties for

Mayl 2020 was 15%, a 3% increase compared to April 2020, when the ratio was

22%, and an 3% decrease from the 13% ratio last April.

GREATER VANCOUVER

UP DOWNCURRENT

Detached and Houses

In Greater Vancouver, the number of new listings for detached properties in May 2020

was 1,208 a 65% increase compared to April 2020, when 730 homes were listed, and a

45% decrease from the 2,198 properties listed last May.

The number of houses sold in Greater Vancouver in May 2020 was 532, a 38% increase

compared to April 2020, when 386 homes were sold, and a 41% decrease from the 906

properties sold last May.

In Greater Vancouver, the sales-to-active listings ratio for detached properties for May

2019 was 13%, a 3% increase compared to April 2020, when the ratio was 10%, and a 1%

decrease from the 14% ratio last May.

1,208 65% -45%

532 38% -41%

13% -1%3%

May, 2020

LISTINGS SALES TO ACTIVE

SALES

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

FactsThe Average days on Market for Greater Vancouver detached properties in May 2020

was 45 days, a 2% increase in comparison to 44 days in April. The average price per

square foot for Greater Vancouver detached properties in May 2020 was $619, a 1%

decrease in comparison to $ 625 per square foot in April 2020.

UP DOWNCURRENT

1%

56% Facts

Condos and Townhouses

In Greater Vancouver, the number of new listings for condos and townhouses in May

2020 was 2,472, a 57% increase compared to April 2020, when 1,577 homes were

listed, and a 32% decrease from the 3,648 properties listed last May.

The number of condos and townhouses sold in Greater Vancouver condos in May 2020

was 951, a 32% inccrease compared to April 2020, when 721 homes were sold, and a

45% decrease from the 1724 properties sold last May.

In Greater Vancouver, the sales-to-active listings ratio condos and townhouse in May 2020

was 16%, a 3% increase compared to April 2020, when the ratio was 13%, and a 31%

decrease from the 47% ratio last May.

2,472 57% -32%

951 32% -45%

16% 3% -31%

GREATER VANCOUVER

May, 2020

LISTINGS

SALES

SALES TO ACTIVEMay 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

The average days on the market for Greater Vancouver condos in May 2020 was 35

days, while for townhouses it was 39 days. The average price per square foot for Greater

Vancouver condos was $801 in May 2020, whereas for townhouses it was $592 per

square foot.

SIMPLE.

INNOVATIVE.

EFFECTIVE.

Downtown VancouverMay 2020

DOWNTOWN VANCOUVER

UP DOWNCURRENT

Condos and Townhouses

In Downtown Vancouver, the number of new listings for condo and townhouses in

May 2020 was 673, a 13% increase compared to April 2020, when 673 homes were

listed, and a 29% decrease from the 944 properties listed last May.

In Downtown Vancouver, the sales-to-active listings ratio for condos and townhouses for

May 2020 was 14%, a 2% increase compared to April 2020, when the ratio was 13%, and a

3% decrease from the 17% ratio last May.

In Downtown Vancouver, the average sale price for condos and townhouses in May 2020

was $758K, a 1% increase compared to April 2020, when the average sale price was

$747K, and a 1% increase from the $750K average sale price from last May.

The number of condos and townhouses sold in Downtown Vancouver in May 2020 was

95, a 27% increase compared to April 2020, when 75 homes were sold, and a 41%

decrease from the 162 properties sold last May.

673 13% -29%

95 27% -41%

14% 2% -3%

$758K 1% 1%

May, 2020

LISTINGS

SALES

SALES TO ACTIVE

AVERAGE PRICE

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

WEST END

YALETOWN

COAL

HARBOUR

DT WEST

Va

nco

uve

r E

ast

Seller Market Buyer Market

Market Type

DOWNTOWN VANCOUVER

Condos and Townhouses

• 21% & Greater Sellers Market

• 15% to 20% Balanced Market

• 14% & Less Buyer Market

Sales Ratio To understand the ratio between supply and

demand, we also look at sales to active

ratio for an indication of the current market

type.

* There isn’t enough data to determine the market type.

Balanced MarketN/A*

6%

16%

18%

13%

May, 2020

SIMPLE.

INNOVATIVE.

EFFECTIVE.

Vancouver WestsideMay 2020

In Vancouver West, the sales-to-active listings ratio for houses for May 2020 was 12%, a

5% increase compared to April 2020, when the ratio was 7%, and no changes from last

May.

Detached and Houses

UP DOWNCURRENT

In Vancouver West, the number of new listings for detached properties in May 2020

was 435, a 3% increase compared to April 2020, when 421 homes were listed, and a

38% decrease from the 704 properties listed last May.

The number of houses sold in Vancouver West in May 2020 was 52, a 41% increase

compared to April 2020, when 37 homes were sold, and a 39% decrease from the 85

properties sold last May.

In Vancouver West, the average sale price for houses in May 2020 was $3.174M, a 13%

increase compared to April 2020, when the average sale price was $2.802M, and a 11%

increase from the $2.85M average sale price from last May.

435 3% -38%

52 -39%

12% 5% 0%

$3.17M 13% 11%

VANCOUVER WESTSIDE

May, 2020

LISTINGS SALES TO ACTIVE

SALES AVERAGE PRICE

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

41%

5%

MOUNT

PLEASANT

WEST

FAIRVIEW

FALSE

CREEK

OAKRIDGE

SOUTH

CAMBIE

MARPOLE

S.W. MARINE

SOUTHLANDS

DUNBAR

KERRISDALE

SHAUGHNESSYARBUTUS

KITSILANOPOINT GREY

UNIVERSITY

Va

nco

uve

r E

ast

Downtown

Vancouver

Detached and Houses

• 21% & Greater Sellers Market

• 15% to 20% Balanced Market

• 14% & Less Buyer Market

Sales Ratio To understand the ratio between supply and

demand, we also look at sales to active

ratio for an indication of the current market

type.

Market TypeVANCOUVER WESTSIDE Seller Market Buyer Market

Balanced MarketN/A*

* There isn’t enough data to determine the market type.

63%

17%

17%

N/A

N/A

16%

44%

25%

10%

N/A

N/A

15%

13%

5%

5%

N/A

7%

May, 2020

N/A

3%

VANCOUVER WESTSIDE

UP DOWNCURRENT

Condos and Townhouses

In Vancouver West, the number of new listings for condos and townhouses in May

2020 was 740, a 14% increase compared to April 2020, when 647 homes were listed,

and a 23% decrease from the 961 properties listed last May.

The number of condos and townhouses sold in Vancouver West in May 2020 was 113, a

45% increase compared to April 2020, when 78 homes were sold, and a 45% decrease

from the 206 properties sold last May.

In Vancouver West, the sales-to-active listings ratio for condo and townhouses for May

2020 was 15%, a 3% increase compared to April 2020, when the ratio was 12%, and a 6%

decrease from the 21% ratio last May.

In Vancouver West, the average sale price for condos and townhouses in May 2020 was

$756K, a 10% decrease compared to April 2020, when the average sale price was $839K,

and a 2% decrease from the $772K average sale price from last May.

740 14%

113 45%

15% 3% -6%

$756K -10% -2%

May, 2020

LISTINGS

SALES

SALES TO ACTIVE

AVERAGE PRICE

May 2020 Apr 2020

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2019

-23%

-45%

• 21% & Greater Sellers Market

• 15% to 20% Balanced Market

• 14% & Less Buyer Market

Market Type

Sales Ratio

Va

nco

uve

r E

ast

MOUNT

PLEASANT

WEST

FAIRVIEW

FALSE

CREEK

OAKRIDGE

SOUTH

CAMBIE

MARPOLE

S.W. MARINE

SOUTHLANDS

DUNBAR

KERRISDALE

SHAUGHNESSYARBUTUS

KITSILANOPOINT GREY

UNIVERSITY

Downtown

Vancouver

VANCOUVER WESTSIDE

To understand the ratio between supply and

demand, we also look at sales to active

ratio for an indication of the current market

type.

Condos and Townhouses

Seller Market Buyer Market

Balanced MarketN/A*

* There isn’t enough data to determine the market type.

N/A

7%

14%

34%

8%

4%

43%

11%

N/A

13%

14%

6%

9%

27%

N/A

3%

6%N/A

8%

May, 2020

SIMPLE.

INNOVATIVE.

EFFECTIVE.

Vancouver EastsideMay 2020

VANCOUVER EASTSIDE

UP DOWNCURRENT

Detached and Houses

In Vancouver East, the number of new listings for detached properties in May 2020 was

357, a 2% increase compared to April 2020, when 349 homes were listed, and a 46%

decrease from the 663 properties listed last May.

The number of houses sold in Vancouver East in May 2020 was 64, a 31% increase

compared to April 2020, when 49 homes were sold, and a 48% decrease from the 124

properties sold last May.

In Vancouver East, the sales to active ratio for houses for May 2020 was 18%, a 4%

increase compared to April 2020, when the ratio was 14%, and an 1% decrease from the

19% ratio last May.

In Vancouver East, the average sale price for houses in May 2020 was $1.45M, a 5%

decrease compared to April 2020, when the average sale price was $1.52M, and a 4%

increase from the $1.398M average sale price from last May.

357 2% -46%

64 31% -48%

18% 4% -1%

$1.45M -5%

May, 2020

LISTINGS SALES TO ACTIVE

SALES AVERAGE PRICE

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

4%

HASTINGS SUNRISE

RENFREW

RENFREW

HEIGHTS

COLLINGWOOD

KILLARNEY

CHAMPLAIN

HEIGHTS

FRASERVIEW

HASTINGS

GRANDVIEW

WOODLAND

VICTORIA

MOUNT PLEASANT

EAST

KNIGHT

SOUTH

VANCOUVER

FRASER

MAIN

Downtown

Vancouver

Va

nco

uve

r W

est

Bu

rna

by

Detached and Houses

• 21% & Greater Sellers Market

• 15% to 20% Balanced Market

• 14% & Less Buyer Market

Sales Ratio To understand the ratio between supply and

demand, we also look at sales to active

ratio for an indication of the current market

type.

Market TypeVANCOUVER WESTSIDE Seller Market Buyer Market

Balanced MarketN/A*

* There isn’t enough data to determine the market type.

May, 2020

50%

6%

28%

44%

31%

20%

27%

14%

8%

33%

100%

15%

6%

20%

16%

N/A

STRATHCONA

33%

150%

VANCOUVER EASTSIDE

UP DOWNCURRENT

Condos and Townhouses

In Vancouver East, the number of new listings for condos and townhouses in May 2020

was 419, a 9% increase compared to April 2020, when 386 homes were listed, and a

28% decrease from the 586 properties listed last May.

The number of condos and townhouses sold in Vancouver East in May 2020 was 92 , a

37% increase compared to April 2020, when 67 homes were sold, and a 49% decrease

from the 182 properties sold last May.

In Vancouver East, the sales to active ratio for houses for May 2020 was 22%, a 5%

increase compared to April 2020, when the ratio was 17%, and a 9% decrease from the

31% ratio last May.

In Vancouver East, the average sale price for condos and townhouses in May 2020 was

$645K, a 6% increase compared to April 2020, when the average sale price was $608K, and

a 9% increase from the $590K average sale price from last May.

419 9% -28%

92 37% -49%

22% 5% -9%

$645K 6% 9%

May, 2020

LISTINGS

SALES

SALES TO ACTIVE

AVERAGE PRICE

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

HASTINGS SUNRISE

RENFREW

RENFREW

HEIGHTS

COLLINGWOOD

KILLARNEY

CHAMPLAIN

HEIGHTSFRASERVIEW

HASTINGS

GRANDVIEW

WOODLAND

VICTORIA

KNIGHT

SOUTH

VANCOUVER

FRASER

MAIN

Downtown

Vancouver

Va

nco

uve

r W

est

Market TypeVANCOUVER EASTSIDE

Bu

rna

by

Condos and Townhouses

• 21% & Greater Sellers Market

• 15% to 20% Balanced Market

• 14% & Less Buyer Market

Sales Ratio To understand the ratio between supply and

demand, we also look at sales to active

ratio for an indication of the current market

type.

Seller Market Buyer Market

Balanced MarketN/A*

* There isn’t enough data to determine the market type.

20%

12%

19%

25%

N/A

37%

43%

67%

N/A

300%167%

8%

N/A

N/A

17%

May, 2020

MOUNT

PLEASANT

EAST

36%

STRATHCONA

N/A

27%

SIMPLE.

INNOVATIVE.

EFFECTIVE.

North Vancouver May 2020

UP DOWNCURRENT

Detached and Houses

In North Vancouver, the number of new listings for detached properties in May 2020

was 257, a 8% increase compared to April 2020, when 239 homes were listed, and a

39% decrease from the 418 properties listed last May.

The number of houses sold in North Vancouver in May 2020 was 51, a 34% increase

compared to April 2020, when 38 homes were sold, and a 51% decrease from the 105

properties sold last May.

In North Vancouver, the sales to active ratio for houses for May 2020 was 20%, a 4%

increase compared to April 2020, when the ratio was 16%, and a 5% decrease from the

25% ratio last May.

In North Vancouver, the average sale price for houses in May 2020 was $1.58M, a 4%

increase compared to April 2020, when the average sale price was $1.512M, and a 5%

increase from the $1.502M average sale price from last May.

257 8% -39%

51 34% -51%

20% 4% -5%

$1.58M 4% 5%

NORTH VANCOUVER

May, 2020

LISTINGS SALES TO ACTIVE

SALES AVERAGE PRICE

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

NORTH VANCOUVERUP DOWNCURRENT

Condos and Townhouses

In North Vancouver, the number of new listings for condos and townhouses in May

2020 was 381, a 12% increase compared to April 2020, when 339 homes were listed,

and a 30% decrease from the 541 properties listed last May.

The number of condos and townhouses sold in North Vancouver in May 2020 was 82 ,

a 55% increase compared to April 2020, when 53 homes were sold, and a 44% decrease

from the 147 properties sold last May.

In North Vancouver, the sales-to-active listings ratio for condo and townhouses for May

2020 was 22%, a 6% increase compared to April 2020, when the ratio was 16%, and a 6%

decrease from the 27% ratio last May.

In North Vancouver, the average sale price for condos and townhouses in May 2020 was

$753K, a 10% increase compared to April 2020, when the average sale price was $685K,

and a 8% increase from the $700K average sale price from last May.

AVERAGE PRICEAVERAGE PRICE

381 12% -30%

82 55% -44%

22% 6% -6%

$753K 10% 8%

May, 2020

LISTINGS

SALES

SALES TO ACTIVEMay 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

SIMPLE.

INNOVATIVE.

EFFECTIVE.

West VancouverMay 2020

UP DOWNCURRENT

Detached and Houses

In West Vancouver houses, the number of new listings for residential properties in May

2020 was 349, a 3% increase compared to April 2020, when 338 homes were listed, and

a 32% decrease from the 511 properties listed last May.

The number of houses sold in West Vancouver in May 2020 was 30, a 43% increase

compared to April 2020, when 21 homes were sold, and a 46% decrease from the 56

properties sold last May.

In West Vancouver, the sales to active ratio for houses for May 2020 was 9%, a 2% increase

compared to April 2020, when the ratio was 6%, and a 2% decrease from the 11% ratio

last May.

In West Vancouver, the average sale price for houses in May 2020 was $2.145M, a 27%

decrease compared to April 2020, when the average sale price was $2.925M, and a 19%

decrease from the $2.649M average sale price from last May.

349 3% -32%

30 43% -46%

9% 2% -2%

$2.145M -27% -19%

WEST VANCOUVERMay, 2020

LISTINGS SALES TO ACTIVE

SALES AVERAGE PRICE

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

WEST VANCOUVERUP DOWNCURRENT

Condos and Townhouses

In West Vancouver, the number of new listings for condos and townhouses in May

2020 was 121, no changes compared to April 2020, and a 23% decrease from the 158

properties listed last May.

The number of condos and townhouses sold in West Vancouver in May 2020 was 14 , a

100% increase compared to April 2020, when 07 homes were sold, and a 8% increase

from the 13 properties sold last May.

In West Vancouver, the sales-to-active listings ratio for condos and townhouses for May

2020 was 12%, a 6% increase compared to April 2020, when the ratio was 6%, and a 3%

increase from the 8% ratio last May.

In West Vancouver, the average sale price for condos and townhouses in May 2020 was

$945K, a 1% decrease compared to April 2020, when the average sale price was $950M,

and a 5% decrease from the $990K average sale price from last May.

May, 2020

AVERAGE PRICE

121 0% -23%

14 100% 8%

12% 6% 3%

-1% -5%

LISTINGS

SALES

SALES TO ACTIVEMay 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

May 2020 Apr 2020 May 2019

$928K

SIMPLE.

INNOVATIVE.

EFFECTIVE.

AMIR JOHARIFARDCell: 778-885-5076

Email: [email protected]

Website: vividrealestate.ca

Contact us today to see whether you should

buy, sell, or hold your property!

421 Pacific Street Vancouver, BC V6Z 2P5 Fax: 604-685-2807By