Vancouver Real Estate Stats Dec.2019 | Housing Market Status

Vancouver Real Estate Stats Dec.2019 | Housing Market Status

Vancouver Real Estate Stats Dec.2019 | Housing Market Status

Home Sales Increase at the end of 2019

Vancouver Real Estate Stats Dec.2019 | Housing Market Status: The Real Estate Board of Greater Vancouver reports on Jan.3.2019, there are 25,351 sales in 2019; 3% increase compared to 2018.

Last year’s sales total was 20.3 per cent below the region’s 10-year sales average.

The board’s president said that slow-selling in the normally busy season like spring and the market picks up in the 2nd half-year; overall, the properties values have dropped 2-4% depends on the type of property.

Housing Status Dec.2019

There were 2,016 home sales in Dec.2019, 88.1% increase compared to Dec.2018.

For all property types, the sales-to-active listings ratio for December 2019 is 23.4 per cent. By property type, the ratio is 15.2 per cent for detached homes, 25.7 per cent for townhomes, and 32.5 per cent for apartments.

*                                   December 2019
Property Type Area Benchmark Price Price Index 1 Month Change % 3 Month Change % 6 Month Change % 1 Year Change % 3 Year Change % 5 Year Change % 10 Year Change %
Single Family Detached Lower Mainland $1,220,000 258.7 0.4% 0.9% -0.3% -2.7% 1.5% 50.0% 83.7%
Greater Vancouver $1,423,500 261.9 0.6% 1.2% 0.0% -4.0% -4.3% 41.1% 79.6%
Bowen Island $934,900 202.7 -2.5% -4.2% -4.3% -6.7% 13.4% 58.6% 52.8%
Burnaby East $1,147,500 256.6 -1.0% -1.1% -2.8% -0.7% -1.5% 45.6% 76.0%
Burnaby North $1,389,000 268.6 0.6% 3.3% -0.8% -4.1% -6.7% 38.3% 82.6%
Burnaby South $1,494,500 286.1 0.6% 2.5% -0.1% -4.8% -7.8% 42.1% 94.5%
Coquitlam $1,164,300 258.4 0.8% 0.6% -0.2% -4.1% 3.5% 51.1% 86.6%
Ladner $935,500 225.5 1.6% -0.1% -2.5% -3.0% -4.6% 41.4% 65.0%
Maple Ridge $808,000 230.2 0.6% 0.0% -2.0% -2.0% 14.1% 69.1% 77.3%
New Westminster $1,015,000 253.2 -0.9% -1.1% -3.4% -4.1% -2.1% 45.1% 72.0%
North Vancouver $1,513,300 238.3 1.1% 3.4% -0.7% -2.1% -5.2% 43.2% 71.8%
Pitt Meadows $881,500 248.4 1.0% 0.7% -2.5% -3.3% 14.6% 68.9% 83.2%
Port Coquitlam $951,900 253.8 2.2% 4.7% 3.0% 0.5% 12.2% 62.1% 82.9%
Port Moody $1,399,800 258.5 0.3% -0.6% -1.9% -5.8% 3.5% 53.1% 87.6%
Richmond $1,495,400 289.7 0.3% 1.3% 0.7% -6.1% -8.6% 40.6% 84.5%
Squamish $977,900 257.7 -0.2% 0.3% 2.5% 2.3% 17.8% 78.0% 100.5%
Sunshine Coast $574,600 201.3 -2.3% -3.4% -4.1% -6.4% 16.6% 63.8% 51.7%
Tsawwassen $1,154,100 248.5 1.1% 1.7% -1.5% -3.2% -2.6% 49.4% 84.3%
Vancouver East $1,390,100 309.2 0.9% 2.3% 3.0% -3.1% -3.8% 43.5% 103.0%
Vancouver West $2,920,800 299.5 0.6% 0.9% 0.3% -6.7% -15.0% 25.6% 79.9%
West Vancouver $2,588,900 244.4 1.7% 2.7% 1.0% -3.2% -13.0% 28.1% 79.4%
Whistler $1,629,700 226.7 -0.3% -0.9% 3.5% 2.2% 17.3% 63.4% 74.7%
Property Type
Area Benchmark Price Price Index 1 Month Change % 3 Month Change % 6 Month Change % 1 Year Change % 3 Year Change % 5 Year Change % 10 Year Change %
Townhouse Lower Mainland $664,700 239.5 0.4% 0.3% -0.7% -2.8% 18.6% 62.6% 71.8%
Greater Vancouver $778,400 249.8 0.7% 1.4% 0.5% -2.4% 16.1% 58.7% 74.6%
Burnaby East $650,000 240.1 -1.3% 0.6% 0.9% -6.6% 19.4% 51.1% 63.3%
Burnaby North $724,200 270.3 -0.6% -0.7% -0.2% 0.0% 21.9% 59.9% 83.9%
Burnaby South $762,600 262.7 -0.9% 0.7% 0.0% -3.6% 13.8% 52.9% 77.6%
Coquitlam $663,000 243.3 2.9% 1.8% 0.9% -0.7% 21.2% 62.1% 79.6%
Ladner $638,800 227.2 -1.3% 5.1% 0.1% -10.9% 5.6% 41.6% 52.7%
Maple Ridge $533,800 247.8 0.9% 2.1% 0.7% -3.4% 28.8% 78.1% 79.0%
New Westminster $723,900 265.5 -1.6% 2.5% 0.3% -5.7% 20.2% 57.3% 79.0%
North Vancouver $928,500 225.6 -0.9% -0.9% -1.9% -6.6% 9.7% 49.8% 64.4%
Pitt Meadows $594,200 257.1 0.7% -0.2% -2.5% -6.6% 24.3% 79.4% 92.2%
Port Coquitlam $626,000 237.0 1.3% 0.5% -2.5% -1.2% 16.6% 64.5% 69.0%
Port Moody $626,700 211.8 1.3% -1.3% -4.2% -5.2% 22.8% 45.7% 55.2%
Richmond $770,300 252.9 0.5% 0.4% -1.1% -6.1% 8.3% 50.6% 71.0%
Squamish $732,300 240.8 3.4% 1.6% 7.0% 8.5% 25.1% 86.1% 103.0%
Tsawwassen $606,900 238.9 -1.3% 2.8% -1.8% -12.5% 8.3% 46.2% 60.6%
Vancouver East $880,800 282.2 2.3% 4.4% 2.2% 1.1% 15.6% 61.5% 86.1%
Vancouver West $1,135,600 265.5 0.2% 3.3% 0.9% -0.7% 8.9% 54.2% 78.7%
Whistler $951,500 229.4 1.1% 0.3% 8.0% 9.2% 31.7% 91.8% 93.4%
Apartment Lower Mainland $642,400 270.1 0.6% 0.6% -0.1% -2.6% 28.4% 73.3% 81.0%
Greater Vancouver $656,700 262.5 0.8% 0.8% 0.3% -2.7% 23.4% 65.9% 75.7%
Burnaby East $715,000 274.3 -0.4% 0.1% -2.9% -7.2% 19.9% 60.3% 76.9%
Burnaby North $598,500 255.5 0.4% 1.2% -1.5% -3.3% 25.7% 70.9% 76.5%
Burnaby South $652,000 261.8 0.7% -0.4% -2.1% -4.9% 20.4% 64.3% 79.3%
Coquitlam $528,100 289.8 1.9% 1.9% 2.6% 1.8% 40.6% 95.5% 106.0%
Ladner $434,000 205.7 1.7% 2.9% 0.4% -6.0% 15.3% 38.3% 45.1%
Maple Ridge $347,500 248.1 0.0% -0.3% -2.2% -3.7% 38.6% 75.7% 73.0%
New Westminster $508,500 288.1 0.2% -0.5% -2.2% -6.6% 31.4% 80.3% 90.3%
North Vancouver $549,700 224.2 0.8% 0.6% -0.5% -3.0% 18.8% 50.2% 58.3%
Pitt Meadows $485,300 286.2 0.6% -0.4% -2.6% -3.5% 37.5% 83.2% 99.6%
Port Coquitlam $446,500 267.0 -0.3% 3.0% 0.0% -1.0% 37.2% 82.4% 79.9%
Port Moody $626,800 261.2 -0.5% 0.0% 1.1% -0.1% 28.4% 87.8% 92.5%
Richmond $630,200 269.8 0.5% 0.5% 0.3% -2.9% 30.3% 75.9% 78.0%
Squamish $486,500 239.8 -2.1% -1.0% -5.0% -2.5% 27.2% 92.3% 91.8%
Tsawwassen $458,600 193.4 0.6% 1.8% -0.4% -6.8% 14.4% 41.6% 36.4%
Vancouver East $559,300 319.2 1.4% 2.0% 0.9% -1.1% 21.3% 70.1% 85.4%
Vancouver West $760,300 246.7 1.3% 0.7% 2.2% -3.0% 13.3% 51.6% 65.3%
West Vancouver $1,009,900 205.2 -1.3% -1.1% -2.4% -10.2% 2.8% 41.6% 40.0%
Whistler $493,500 193.3 -1.2% 0.2% -2.7% 1.9% 32.3% 86.4% 54.6%