greater vancouver board area TOWNHOME - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.0% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 40% VS 2024
▼ 3% VS 2024
▼ 0.7% VS 2024
▼ 10% VS 2024
There were 1,548 townhome listings in the Greater Vancouver board area in February, 13% above January and 40% higher than February 2024. February townhome sales increased by 16% month-over-month, to 293, and were 10% below February 2024. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 19%, re(ected a balanced market. The townhome median price in February was $1,075,000, a 0.5% decrease from January and 0.7% below February 2024. The average sold price was $1,120,172, 0.4% below last month; the average PSF sale price was $766, down 1.0% to last month.
THIS MONTH No. $766 $1,120,172 $1,075,000 19% 293 1,548
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$774 $1,148,934 $1,082,500 29% 324 1,102
-1% -3% -0.7% -36% -10% 40%
$774 $1,124,109 $1,080,000 18% 253 1,372
16% 13%
-1% -0.4% -0.5% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,707
1,721
1,640
1,796
1,778
1,550
1,481
1,670
1,548
1,372
1,249
1,102
1,213
462
444
404
406
362
367
324
293
376
322
291
287
253
$1.10M $1.06M $1.08M $1.08M $1.08M
$1.08M $1.10M $1.10M $1.09M $1.11M
$1.08M $1.02M $1.01M
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
350
47
300
4+ bdrms
332
250
159
3 bdrms
817
200
150
83
2 bdrms
31%
348
30%
100
23%
21%
16%
4
<2 bdrms
7%
50
5%
5%
51
0
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
Null
S-L RATIO SALES INVENTORY
43 9 21%
128 39 30%
298 69 23%
323 100 31%
305 49 16%
287 19 7%
76 4 5%
88 4 5%
Copyright © 2025 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 10, 2025. 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online