vancouver region TOWNHOME - JULY 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 60% VS 2023
▼ 0.5% VS 2023
▼ 0.5% VS 2023
▼ 7% VS 2023
There were 3,021 townhome listings in the Vancouver Region in July, 4% above June and 60% higher than July 2023. July townhome sales increased by 0.3% month-over-month, to 714, and were 7% below July 2023. The sales-to-listing ratio for townhomes in the Vancouver Region, at 24%, reflected a sellers' market. The townhome median price in July was $915,000, a 0.7% decrease from June and 0.5% below July 2023. The average sold price was $994,949, 2% below last month; the average PSF sale price was $655, down 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$655 $994,949 $915,000 24% 714 3,021
$668 $999,469 $920,000 41% 767 1,883
-2% -0.5% -0.5% -42% -7% 60%
$673 $1,018,112 $921,250 24% 712 2,917
-3% -2% -0.7% -3% 0.3% 4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
3,021
2,778
2,917
2,455
2,148
2,084
1,997
1,852
1,883
2,020
1,879
1,582
1,543
858
807
783
767
714
481
712
668
600
580
518
452
364
$950K
$938K
$935K
$921K
$920K
$910K
$920K
$910K
$920K
$915K
$900K
$900K
$889K
Vancouver Region
REBGV
▶ 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
1,000
153
4+ bdrms
693
800
389
600
3 bdrms
1,594
400
29% 31%
25% 24%
164
2 bdrms
17% 19%
681
200
9%
5%
0
8
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
53
S-L RATIO SALES INVENTORY
103 30 29%
587 183 31%
961 242 25%
536 129 24%
421 70 17%
268 50 19%
68 6 9%
77 4 5%
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 August 6, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 6 ●
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