Concrete Pre-Sale Pricing Snapshot as of July 2020

Aug 17, 2020

Written by

Ryan Berlin

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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 2020 (through June) have sold at an average PPSF of $1,056, 5% above the 2019 year-end average of $1,003.
There have been 9 concrete pre-sale projects that have launched in 2020 (through June): four in Vancouver West, two in Coquitlam, one in Burnaby, one in Richmond, and one in West Vancouver.

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.

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Concrete Pre-Sale Pricing Snapshot as of July 2020

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Housing inventory in Greater Victoria grew in February, reaching a level not seen for the month since 2016. Even with greater options available to buyers though, overall conditions remained in sellers’ market territory.

Last month, many buyers went from calling to closing as sales rose for the first time in five months. On the supply-side, inventory remained constrained as would-be sellers held onto favorable rates—all leading to prices seeing significant increases.