Woodframe Pre-Sale Pricing Snapshot as of July 2019

Data highlights

• The data presented below are price per square foot (PPSF) averages for woodframe pre-sale homes, based on the date of each project’s first home sale.
• Woodframe pre-sale projects in Greater Vancouver that have launched in 2019 (through June) have sold at an average PPSF of $657, 1.3% above the 2018 average of $649

What this means for you

Unlike concrete product, woodframe pre-sale homes are more widely dispersed throughout Metro Vancouver, with woodframe homes located further away from the Downtown core available at more affordable prices. 

Across all woodframe projects, only three are achieving a price per square foot above $1,250, and both are on the West Side of Vancouver. Conversely, virtually all homes in woodframe projects south of the Fraser River and into the Fraser Valley are achieving a price per square foot no higher than $749, with the lone exception being Lily Terrace in Fort Langley, with an average PPSF of $909.

Every three months, rennie intelligence provides a Woodframe 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 woodframe 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.