greater vancouver board area
TOWNHOME - FEBRUARY 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
20 % DOWN
1.6 % DOWN
0.7 % DOWN
42 % UP
SELLER’S 28 %
The number of townhome listings in the REBGV fell to 1,226 in February, 6% above January but 20% lower year-over-year. Townhome sales in February, at 340, were up 25% vs January and were 42% above last year. The sales-to-listings ratio increased to 28% as the REBGV townhome market remained favourable to sellers. The townhome benchmark price in February was $785,000, relatively unchanged from January and 0.6% higher than in February 2019. The average sold price was $809,640, with an average PSF sales price of $560 (7% and 5% lower, respectively, vs January).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,226
1,153
6%
1,539
-20% 42% 79% 0.6% -1.6% -0.7%
TOTAL SALES
340 28%
271 24%
25% 18%
239 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$785,000 $782,500 $809,640 $874,385
0.3% $780,600 -7% $822,923
$560
$587
-5%
$564
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$780,600 $775,000 $774,700 $771,900 $771,600 $778,400 $785,000
2,157
1,994
1,994
1,785
1,539
1,226
1,129
465
345
341
340
316
293
239
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
61
4+ bdrms
BUYER'S MARKET
222
190
3 bdrms
668
89
<3 bdrms
. . . . 0 0 0 0
338
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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