greater vancouver board area TOWNHOME - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.0% VS 2023
▲ 9% VS 2023
▲ 7% VS 2023
▲ 84% VS 2023
There were 875 townhome listings in the Greater Vancouver board area in January, 1.4% above December and 7% higher than January 2023. January townhome sales increased by 23% month-over-month, to 221, and were 84% above January 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 25%, reflected a sellers' market. The townhome median price in January was $1,070,000, a 1.3% increase from December and 9% above January 2023. The average sold price was $1,142,390, 2.0% below last month; the average PSF sale price was $772, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 120 821
% Change
No. 180 863
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
221 875
73% 84% 7%
-2% -2% 1.3% 21% 23% 1.4%
$772 $1,142,390 $1,070,000 25%
$750 $1,131,380 $979,000 15%
$791 $1,165,673 $1,056,000 21%
3% 1% 9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,218
1,116
1,028 1,031
1,173
991
909
1,020
875
909
821
863
844
499
470
368
351
306
298
267
396
391
302
221
180
120
$1.09M $1.09M $1.07M $1.10M $1.05M $1.05M $1.06M $1.07M
$1000K $1.05M $1.05M
$979K $1.04M
REBGV
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
200
37
4+ bdrms
140
150
73%
132
3 bdrms
503
100
43%
32%
28%
48
21%
2 bdrms
50
18%
207
8%
6%
0
4
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
25
S-L RATIO SALES INVENTORY
17 1 6%
15 11 73%
67 29 43%
195 63 32%
185 52 28%
141 30 21%
150 27 18%
105 8 8%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 9 ●
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