Market IntelligenceEconomy

Concrete Pre-Sale Pricing Snapshot as of October 2019

 

Oct 29, 2019

Written by 

Ryan Berlin

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Data highlights

  • The data presented below are price per square foot (PPSF) averages for concrete pre-sale homes, based on the date of each project's first home sale.
  • Concrete pre-sale projects in Greater Vancouver that have launched in 2019 (through September) have sold at an average PPSF of $1,024, 12% below the 2018 average of $1,164.
What this means for you

Clusters of concrete pre-sale projects can be found along frequent transit corridors, including the Canada Line, and around transit hubs such as Burquitlam Station, Lougheed Town Centre, Metrotown, and Surrey City Centre. 

In terms of pricing, there is a strong correlation between value and proximity to Vancouver’s Downtown core, with the most competitive prices per square foot, between $500-$999, being found east of Boundary Road. The one exception to this is MODE, located in Southeast Vancouver’s River District, which has an average price per square foot of $920. No concrete projects had a price per square foot below $499.

Every three months, rennie intelligence provides a Concrete Pre-Sale Pricing Snapshot based on the latest data sourced from Urban Analytics' NHS Live database. The data presented are price per square foot (PPSF) averages for concrete product based on the date of each project's first home sale. 

Our rennie intelligence division empowers individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

Written by

Ryan Berlin

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.