greater vancouver board area
TOWNHOME - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
14 % DOWN
9 % UP
41 % UP
BALANCED 20 %
The number of townhome listings in the REBGV dipped to 1,799 in September, 7% below August but 9% higher year-over-year. Townhome sales in September, at 355, were up 3% vs August and were 41% above last year. The sales-to-listings ratio increased to 20% as the REBGV townhome market remained balanced. The townhome benchmark price in September was $767,500, 0.6% below August and 7% lower than in September 2018. The average sold price was $803,858, with an average PSF sales price of $546 (0.9% and 3% lower, respectively, vs August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,799
1,930
-7%
1,657
9%
TOTAL SALES
355 20%
345 18%
3%
251 15%
41% 30% -7% -12% -14%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
$767,500 $771,900 $803,858 $811,496
-0.6% $826,700 -0.9% $917,399
$546
$564
-3%
$637
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$826,700 $808,000 $787,800 $772,500 $779,400 $770,000 $767,500
2,087
2,104
1,799
1,743
1,657
1,656
1,459
412
404
355
280
256
251
177
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
73
4+ bdrms
BUYER'S MARKET
304
195
3 bdrms
989
87
<3 bdrms
. . . . 0 0 0 0
512
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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