Availability of Pre-Sale Condos Vancouver | 大温楼花2019
Availability of Pre-Sale Condos Vancouver | 大温楼花2019: numbers of concrete condos complete and unsold or availability increase 4 times in a year – Urban Development Institute‘s State of the Market Q4 2018 reports on March.07.2019.
For buyers who want to purchase a pre-sale condo in this period of time; it is a good time because of pre-sale condo availability units keep increasing. (the presale condos sales will not reflect on MLS Listing Vancouver).
Urban Analytics said that the number of concrete condos that were either released for presale or completed and unsold, at the end of 2018’s fourth quarter, was quadruple that of one year prior.
Total of 5,918 new concrete condos released at the end of the quarter 2018 which is 134% increase compared to quarter 3 2018; and 301% increase compared to the same quarter 2018.
Chart for your reference: Source from Urban Development Institute’s State of the Market Q4 2018 report, compiled by Urban Analytics
Note: Inner Metro: Squamish, West Vancouver, North Vancouver, Burnaby, New Westminster, Richmond, South Delta, Coquitlam, PortMoody & Port Coquitlam.
Outer Metro: Langley, North Delta, Surrey, White Rock, Pitt Meadows, Maple Ridge, and Abbotsford.
Vancouver: Downtown Vancouver, Vancouver West, and Vancouver East
But, there are only 99 of 5,918 pre-sale condos are “standing inventory”. What is “standing inventory”??? Standing inventory are condos complete and ready to move in. Quote from the report author: “When compared to the same quarter five years ago, this represents a 608-unit (86 percent) decline in move-in ready concrete condominiums across Metro Vancouver.”
This represents the market absorption rate is still very high even it is getting a bit slow now. When we change our focus on Richmond and Delta, there are only 39 move-in ready condos; 34 in Burnaby and New Westminister…
Moreover, Urban Analytics reports that there were 1,013 wood frame condos released in the Quarter 4 2018 – 9% increased compared to Quarter 3 2018, but 164% increased year-over-year.
大温楼花2019 – 库存
当我们再看列治文和三角洲时，只有39个可入住公寓; 本拿比和新西敏只有34个可入住单位 …
此外，Urban Analytics报告称，2018年第4季度共发布了1,013套木结构公寓 – 与2018年第3季度相比增长了9％，但年增长了164％。