TOWNHOME - FEBRUARY 2020 vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
8 % DOWN
40 % DOWN
6 % UP
SELLER’S 37 %
The 52 townhome listings in Vancouver East in February were up 30% month-over-month but 40% lower year-over-year. The 19 townhome sales in February were 3 above last month and 1 higher vs last year. The sales-to-listings ratio for townhomes slightly decreased to 37%, as conditions in Vancouver East’s townhome market continued to favour sellers. The townhome benchmark price in February was $903,900, relatively unchanged from January and 4% higher year-over-year. February’s average sold price of $856,889 was 20% below last month, while the average PSF sales price was $647 (down 13% vs last month).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
52 19
40 16
30% 19% -9%
87 18
-40%
TOTAL SALES
6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
40%
21%
77%
$903,900 $903,600
0.0% $872,700
4%
$856,889 $1,064,703 -20% $973,767
-12%
$647
$745
-13%
$707
-8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$872,700 $868,400 $861,500 $838,100 $852,800 $880,800 $903,900
102
100
95
87
88
52
42
32
29
26
24
18
19
17
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
4+ bdrms
BUYER'S MARKET
4
13
3 bdrms
31
4
<3 bdrms
. . . . 0 0 0 0 QD QD QD
17
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 March 4, 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.
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