TOWNHOME AUGUST vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
18 % DOWN
8 % UP
6 % UP
59 % UP
SELLER’S 37 %
The number of townhome listings in the Vancouver Region decreased 1.5% from last month, settling at 2,871, and were 18% below August 2019. Townhome sales, at 1,056, were 3% lower vs last month but 59% above August 2019. The sales-to-listings ratio was unchanged at 37% in August, as the Vancouver Region’s townhome segment remained in a seller’s market. The benchmark price in August was 0.6% above July, at $697,800, and was 4% higher year-over-year. The average sold price was $748,441 in August, (increasing 4% vs July) while the average PSF sales price was $498 (increasing 3%).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,871 1,056
2,914 1,089
-1.5% 3,515
-18% 59% 95%
TOTAL SALES
-3%
664 19%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
37%
-1.6%
$697,800 $693,600 $748,441 $720,323
0.6% $673,000 4% $690,057
4% 8% 6%
$498
$484
3%
$471
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$673,000 $668,900 $669,500 $676,500 $684,500 $688,400 $697,800
3,515
3,150
2,831
2,871
2,359
2,293
1,976
1,056
863
860
677
664
578
393
VANCOUVR REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
194
4+ bdrms
BUYER'S MARKET
537
597
3 bdrms
1,574
265
<3 bdrms
. . . . 0 0 0 0
760
S-L RATIO SALES INVENTORY
Copyright © 2020 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 September 3, 2020. 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.
6
Made with FlippingBook - professional solution for displaying marketing and sales documents online