greatervancouverboard area TOWNHOME-APRIL 2023
SALES TO LISTINGSRATIO 44% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.4% VS 2022
▼ 5% VS 2022
▼ 6% VS 2022
▼ 23% VS 2022
Therewere906 townhom elistingsin theG reater Vancouverboard areain April,no changeto M arch and 6% lowerthan April2022. Apriltownhom esalesincreased by8% m onth-over-m onth,to396,and were23% below April 2022. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at44% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$1,047,750,a 5% increasefrom M arch and 5% below April2022. Theaveragesold pricewas$1,130,785,3% abovelast m onth;theaveragePSF salepricewas$760,up 2% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 53% 511 963
% Change
No. 41% 368 906
% Change 2% 3% 5% 8% 8% 0%
TOTALLISTINGS TOTALSALES
44% 396 906
-7% -1.4% -5% -18% -23% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$760 $1,130,785 $1,047,750
$745 $1,092,929 $1,000,000
$815 $1,147,185 $1,100,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,191
1,161
1,053
1,177
1,155
1,17
1,096
906
906
963
843
822
816
51
421
368
396
453
306
290
271
186
245
232
226
120
$1.10M $1.03M $1.04M
$995K $945K $950K $1.02M $949K
$987K $979K $1.04M $1000K $1.05M
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
81
4+ bdrms
162
150
67%
225
61%
61%
3 bdrms
100
474
32%
32%
79
26%
50
2 bdrms
16%
242
0
11
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
28
S-L RATIO SALES INVENTORY
11 0 n/a
28 9 32%
98 60 61%
178 119 67%
155 94 61%
184 58 32%
163 42 26%
89 14 16%
Copyright© May4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMay4,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 9 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online