TOWNHOME MAY vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.9 % UP
41 % DOWN
5 % UP
36 % DOWN
SELLER’S 21 %
The number of townhome listings in the Vancouver Region increased 0.9% from last month, settling at 2,328, but were 36% belowMay 2019. Townhome sales, at 486, were 24% higher vs last month but 41% belowMay 2019. The sales-to-listings ratio jumped to 21% in May, as the Vancouver Region’s townhome segment transi- tioned to a seller’s market. The benchmark price in May was relatively unchanged vs April, at $686,500, and was 1.8% higher year-over-year. The average sold price was $715,970 in May, (increasing 2% vs April) while the average PSF sales price was $491 (increasing 5%).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,328
2,307
0.9% 24% 23%
3,619
-36% -41% 1.8% 1.9% -8%
TOTAL SALES
486 21%
393 17%
818 23%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$686,500 $684,500 $715,970 $701,017
0.3% $674,500 2% $702,418
$491
$469
5%
$468
5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$674,500 $664,700 $669,500 $667,000 $673,500 $683,100 $686,500
3,683
3,619
3,431
2,755
2,393
2,328
2,071
818
792
786
749
673
511
486
VANCOUVR REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
93
4+ bdrms
BUYER'S MARKET
458
263
3 bdrms
1,227
130
<3 bdrms
. . . . 0 0 0 0
643
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.
6
Made with FlippingBook - professional solution for displaying marketing and sales documents online