greater vancouver board area
TOWNHOME JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
30 % DOWN
7 % UP
4 % UP
21 % UP
SELLER’S 27 %
The number of townhome listings in the REBGV increased to 1,503 in June, 12% above May but 30% lower year-over-year. Townhome sales in June, at 412, were up 57% vs May and 21% above last year. The sales-to-listings ratio increased to 27% as the REBGV townhome market transitioned to a seller’s market. The townhome benchmark price in June was $790,800, relatively unchanged fromMay but 2% higher than in June 2019. The average sold price was $841,714, with an average PSF sales price of $597 (up 1.6% and 0.8%, respectively, vs May).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,503
1,342
12% 57% 40%
2,158
-30% 21% 73%
TOTAL SALES
412 27%
263 20%
341 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$790,800 $792,700 $841,714 $828,185
-0.2% $772,800 1.6% $787,525
2% 7% 4%
$597
$592
0.8%
$574
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$772,800 $772,100 $771,500 $776,200 $783,400 $791,200 $790,800
2,158
1,996
1,790
1,503
1,344
1,311
1,132
465
412
344
341
339
293
193
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
63
4+ bdrms
BUYER'S MARKET
271
242
3 bdrms
802
107
<3 bdrms
. . . . 0 0 0 0
430
S-L RATIO SALES INVENTORY
Copyright © 2020 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 July 3, 2020. All data from Real Estate Board of 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
9
Made with FlippingBook - professional solution for displaying marketing and sales documents online