June 2019 Vancouver Market Update

There were 2,099 home sales in the month of June in Vancouver. This is the lowest number of sales in June since 2000. It's also down 21% from last month and down 35% from the 10 year June average.

There were 4,751 new listings in June which brought the total number of listings on the market up to 14,968.

The sales to active ratio across all property types in Vancouver was 14% which equates to a balanced market.

The benchmark price for all property types was $998,000. This is the first time this number has been below $1,000,000 since May 2017.

If we break down the benchmark price for each property type this is what we see:

Single Family - $1,423,500 Down 10.3%
Condos - $654,000 Down 8.9%
Townhomes - $774,700 Down 8.6%

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