the rennie review - July 2020

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

SL 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.

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