greater vancouver board area
TOWNHOME - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % DOWN
8 % DOWN
21 % UP
17 % UP
BALANCED 19 %
The number of townhome listings in the REBGV dipped to 1,821 in August, 11% below July but 21% higher year-over-year. Townhome sales in August, at 345, were down 15% vs July but were 17% above last year. The sales-to-listings ratio decreased to 19% as the REBGV townhome market remained balanced. The townhome benchmark price in August was $771,900, 0.2% above July but 8% lower than in August 2018. The average sold price was $811,496, with an aver- age PSF sales price of $564 (2% and 1.4% higher, respectively, vs July).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,821
2,036
-11% -15%
1,504
21% 17% -8% -8% -8% -3.1%
TOTAL SALES
345 19%
404 20%
294 20%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-5%
$771,900 $770,000 $811,496 $794,520
0.2% $837,600 2% $885,430
$564
$556
1.4%
$616
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$837,600 $818,900 $797,400 $780,600 $775,000 $774,700 $771,900
2,151
1,992
1,821
1,696
1,538
1,504
1,293
345
341
316
311
294
239
167
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
48
4+ bdrms
BUYER'S MARKET
338
191
3 bdrms
996
106
<3 bdrms
. . . . 0 0 0 0
489
S-L RATIO SALES INVENTORY
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 6
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