greater vancouver board area TOWNHOME - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 2% VS 2023
▲ 4% VS 2023
▲ 38% VS 2023
▲ 34% VS 2023
There were 1,685 townhome listings in the Greater Vancouver board area in October, 1.6% below September and 38% higher than October 2023. October townhome sales increased by 26% month-over-month, to 398, and were 34% above October 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 24%, re(ected a sellers' market. The townhome median price in October was $1,090,000, a 8% increase from September and 4% above October 2023. The average sold price was $1,151,934, 3% above last month; the average PSF sale price was $773, down 2% to last month.
THIS MONTH No. $773 $1,151,934 $1,090,000 24% 398 1,685
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$784 $1,129,087 $1,049,950 24% 298 1,218
34% 38%
$790 $1,116,280 $1,005,000 19% 317 1,712
28% 26% -1.6%
-1.4% 2% 4% -3%
-2% 3% 8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,636
1,610
1,685
1,540
1,712
1,390
1,587
1,218
1,116
1,030
1,142
872
863
455
438
399
358
319
398
267
298
370
317
284
220
179
$1.09M
$1.07M $1.02M $1.00M
$1.05M $1.05M $1.05M $1.07M $1.08M $1.10M $1.09M $1.08M $1.10M
REBGV
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
400
350
57
4+ bdrms
302
300
250
243
3 bdrms
200
922
150
32% 33%
29%
94
20%
100
18%
2 bdrms
14%
14%
413
7%
50
0
4
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
48
S-L RATIO SALES INVENTORY
49 7 14%
168 53 32%
323 106 33%
367 107 29%
364 67 18%
280 39 14%
75 15 20%
59 4 7%
Copyright © 2024 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 November 12, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 9 ●
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