greater vancouver board area TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 35% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 10% VS 2023
▲ 26% VS 2023
▲ 9% VS 2023
There were 1,147 townhome listings in the Greater Vancouver board area in March, 11% above February and 26% higher than March 2023. March townhome sales increased by 25% month-over-month, to 400, and were 9% above March 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 35%, reflected a sellers' market. The townhome median price in March was $1,096,750, a 1.6% increase from February and 10% above March 2023. The average sold price was $1,194,440, 5% above last month; the average PSF sale price was $795, up 3% to last month.
THIS MONTH No. $795 $1,194,440 $1,096,750 35% 400 1,147
PREVIOUS MONTH
PREVIOUS YEAR
No. 368 911
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
7% 9% 10% -14% 9% 26%
$773 $1,139,749 $1,080,000 31% 319 1,034
3% 5% 1.6% 13% 25% 11%
$745 $1,092,929 $1,000,000 40%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,221
1,119
1,147
1,034
1,030 1,033
1,176
993
1,023
911
911
877
866
499
470
351
400
319
298
368
267
396
391
302
221
180
$1.05M $1.05M $1.09M $1.09M $1.07M $1.10M $1.05M $1.05M $1.06M $1.07M $1.08M $1.10M $1000K
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
250
73
4+ bdrms
200
168
150
240
3 bdrms
636
47%
46%
42%
39%
100
26%
77
18%
2 bdrms
50
309
10%
9%
0
10
<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+
34
S-L RATIO SALES INVENTORY
49 9 18%
97 45 46%
237 100 42%
212 99 47%
207 80 39%
210 54 26%
67 6 9%
68 7 10%
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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings 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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