TOWNHOME MAY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 0.8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % DOWN
BALANCED 17 %
43 % DOWN
38 % DOWN
At 174, the number of townhome listings in Vancouver West were 9% lower in May than in April and 43% belowMay 2019. Townhome sales, at 30, were up by 6 vs April but 18 below last May. The sales-to-listings ratio increased to 17% in May as Vancouver West’s townhome market remained in balanced market territory. The benchmark price in May was $1.13M, relatively unchanged from last month and 0.8% higher than last year. The average sold price was $1.16M, while the average PSF sales price was $965 (increasing 4% and 10%, respectively, from last month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 192
% Change
No. 304
% Change
TOTAL LISTINGS
174
-9% 25% 38%
-43% -38% 0.8% -11% 9%
TOTAL SALES
30
24
48
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
13%
16%
$1,125,000 $1,123,700 $1,156,483 $1,110,775
0.1% $1,116,000 4% $1,303,814
$965
$878
10%
$938
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.15
$1.13
$1.13
$1.13
$1.12
$1.11
$1.10
304
281
264
248
210
197
174
49
48
48
30
29
27
24
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
2
4+ bdrms
15
SELLER'S MARKET
6
BALANCED
3 bdrms
BUYER'S MARKET
81
22
<3 bdrms
. . . . 0 0 0 0 QD QD
78
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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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