TOWNHOME - SEPTEMBER 2019 vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.6 % DOWN
4 % DOWN
BUYER’S 11 %
4 % DOWN
11 % DOWN
At 242, the number of townhome listings in Vancouver West was 2% lower in September than in August and 1.6% below September 2018. Townhome sales, at 27, were down by 9 vs August and 1 below last September. The sales-to-listings ratio decreased to 11% in September as Vancouver West’s townhome market transitioned to buyer’s market territory. The benchmark price in September was $1.10M, 1.5% below last month but 6% lower than last year. The average sold price was $1.29M, while the average PSF sales price was $897 (both virtually unchanged from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 247
% Change
No. 246
% Change
TOTAL LISTINGS
242
-2%
-1.6%
TOTAL SALES
27
36
-25% -23%
28
-4% -2% -6% -4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
15%
11%
$1,098,900 $1,115,100 $1,293,630 $1,289,446
-1.5% $1,170,300 0.3% $1,352,257 -0.1% $1,009
$896
$897
-11%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.17
$1.17
$1.12
$1.12
$1.11
$1.11
$1.10
303
281
246
242
233
219
178
48
48
28
28
27
25
14
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
2
4+ bdrms
26
SELLER'S MARKET
BALANCED
12
BUYER'S MARKET
3 bdrms
105
13
<3 bdrms
. . . . 0 0 0 0 QD QD
111
S-L RATIO SALES INVENTORY
Copyright © 2019 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 October 3, 2019. All data from RealEstateBoardof 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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