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Vancouver Luxury Home Report- January 2019
VANCOUVER
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SINGLE-FAMILY HOMES
LUXURY INVENTORY VS. SALES | DECEMBER 2018
Inventory
Sales
Luxury Benchmark Price 1 : $2,500,000
$13,200,000+
$8,200,000 - $13,199,999
0
1
39
70
Total Inventory: 1,007
Total Sales: 27$7,200,000 - $8,199,999
$6,200,000 - $7,199,999
0
0
47
64
Buyer's Market
Total Sales Ratio 2 : 3%$5,200,000 - $6,199,999
4109
$4,700,000 - $5,199,999
249
$4,200,000 - $4,699,999
286
$3,950,000 - $4,199,999
066
$3,700,000 - $3,949,999
143
$3,450,000 - $3,699,999
387
$3,200,000 - $3,449,999
158
$2,950,000 - $3,199,999
189
$2,700,000 - $2,949,999
696
$2,600,000 - $2,699,999
346
$2,500,000 - $2,599,999
358
Square Feet 3
PriceBeds
BathsSold
InventorySales Ratio
-Range-
-Median Sold--Median Sold-
-Median Sold--Total-
-Total--Sold/Inventory-
0 - 1,999
NA
NA
NA
0
80
0%
2,000 - 2,999
$2,745,000
4
4
7
257
3%
3,000 - 3,999
$2,950,000
5
4
4
235
2%
4,000 - 4,999
$3,550,000
5
6
9
193
5%
5,000 - 5,999
$5,121,000
5
7
3
119
3%
6,000+
$5,300,000
6
8
4
122
3%
1
The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2 Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS ® data reported previous month’s sales exceeded current inventory.
VANCOUVER
SINGLE-FAMILY HOMES
13-MONTH LUXURY MARKET TREND 4
Median Sales PriceInventory
Solds
$3,324,000
$3,785,714
$3,290,000$3,000,000
$3,549,444
$3,230,000 $3,200,500 $3,180,000
$3,649,000
$3,044,000$3,550,000 $3,500,000
$3,200,0001,008
1,170
1,346
1,2441,411
1,560 1,562 1,516
1,3951,486 1,404
1,2511,007
46 39 38 51 72 79 62 31 50 40 55 45 27
Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18
MEDIAN DATA
INVENTORY
November December
1,251 1,007
VARIANCE: -20 %
SOLDS
November December45 27
VARIANCE: -40 %
SALES PRICE November December$
3.50m $ 3.20m
VARIANCE: -9 %
SALE PRICE PER SQFT. November December$
951 $
907
VARIANCE: -5 %
SALE TO LIST PRICE RATIO
November December
94.02 % 91.54 %
VARIANCE: -3 %
DAYS ON MARKET
November December21 50
VARIANCE: 138 %
VANCOUVER MARKET SUMMARY | DECEMBER 2018
• The Vancouver single-family luxury market is a Buyer's Market with a 3% Sales Ratio.
• Homes sold for a median of 91.54% of list price in December 2018.
• The most active price band is $2,600,000-$2,699,999, where the sales ratio is 7%.
• The median luxury sales price for single-family homes has decreased to $3,200,000.
• The median days on market for December 2018 was 50 days, up from 21 in November 2018.
3
Square foot table does not account for listings and solds where square foot data is not disclosed.
4
Historical data before August 2017 does not account for listings taken off the market.
VANCOUVER
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | DECEMBER 2018
Inventory
Sales
Luxury Benchmark Price 1 : $1,365,000
$5,000,000+
033
$4,500,000 - $4,999,999
019
Total Inventory: 572
$4,000,000 - $4,499,999
$3,500,000 - $3,999,999
$3,000,000 - $3,499,999
2
1
0
12
21
33
Total Sales: 26
Buyer's MarketTotal Sales Ratio 2 : 5%$2,500,000 - $2,999,999
162
$2,000,000 - $2,499,999
288
$1,900,000 - $1,999,999
447
$1,800,000 - $1,899,999
250
$1,700,000 - $1,799,999
141
$1,600,000 - $1,699,999
337
$1,500,000 - $1,599,999
238
$1,450,000 - $1,499,999
332
$1,400,000 - $1,449,999
29
$1,365,000 - $1,399,999
350
Square Feet 3
PriceBeds
BathsSold
InventorySales Ratio
-Range-
-Median Sold--Median Sold-
-Median Sold--Total-
-Total--Sold/Inventory-
0 - 999
$1,398,000
2
2
3
37
8%
1,000 - 1,999
$1,660,000
2
2
15
378
4%
2,000 - 2,999
$1,742,500
3
4
4
123
3%
3,000 - 3,999
$2,169,000
3
5
4
27
15%
4,000 - 4,999
NA
NA
NA
0
6
0%
5,000+
NA
NA
NA
0
1
0%
1
The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2 Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS ® data reported previous month’s sales exceeded current inventory.
VANCOUVER
ATTACHED HOMES
13-MONTH LUXURY MARKET TREND 4
Sale PriceInventory
Solds
$1,838,000
$1,648,800$1,698,950 $1,700,000
$1,754,900$1,670,000
$1,737,500
$1,616,250$1,765,000
$1,677,500$1,738,000 $1,777,777
$1,714,000379
454
519
567642
780
832766
682789 800
723572
49 79 88 77 82 91 54 42 52 36 47 41 26
Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18
MEDIAN DATA
INVENTORY
November December
723 572
VARIANCE: -21 %
SOLDS
November December41 26
VARIANCE: -37 %
SALES PRICE November December$
1.78m $ 1.71m
VARIANCE: -4 %
SALE PRICE PER SQFT. November December$
1,227 $
1,163
VARIANCE: -5 %
SALE TO LIST PRICE RATIO
November December
95.87 % 94.73 %
VARIANCE: -1 %
DAYS ON MARKET
November December29 39
VARIANCE: 34 %
VANCOUVER MARKET SUMMARY | DECEMBER 2018
• The Vancouver attached luxury market is a Buyer's Market with a 5% Sales Ratio.
• Homes sold for a median of 94.73% of list price in December 2018.
• The most active price band is $1,400,000-$1,449,999, where the sales ratio is 22%.
• The median luxury sales price for attached homes has decreased to $1,714,000.
• The median days on market for December 2018 was 39 days, up from 29 in November 2018.
3
Square foot table does not account for listings and solds where square foot data is not disclosed.
4
Historical data before August 2017 does not account for listings taken off the market.
Thank you for taking time to view this report. For more information about Vancouver luxury market and buy or sell your luxury property, please feel free to contact me.
PRINCESS PAN PERSONAL REAL ESTATE CORPORATION www. PrincessPan.com
