greater vancouver board area
TOWNHOME MAY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
38 % DOWN
36 % DOWN
0.2 % DOWN
4 % UP
BALANCED 20 %
The number of townhome listings in the REBGV fell to 1,298 in May, 1.6% below April and 38% lower year-over-year. Townhome sales in May, at 263, were up 36% vs April but 36% below last year. The sales-to-listings ratio increased to 20% as the REBGV townhome market remained balanced. The townhome benchmark price in May was $792,700, relatively unchanged from April and 1.8% higher than in May 2019. The average sold price was $828,185, with an average PSF sales price of $592 (up 1.1% and 3%, respectively, vs April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,298
1,319
-1.6% 2,090
-38% -36%
TOTAL SALES
263 20%
193 15%
36% 38%
412 20%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3%
$792,700 $791,200 $828,185 $818,950
0.2% $778,700 1.1% $830,082
1.8% -0.2%
$592
$572
3%
$567
4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$778,700 $769,000 $770,000 $771,500 $781,800 $790,200 $792,700
2,108
2,090
1,948
1,576
1,367 1,298
1,177
412
409
404
397
355
271
263
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
45
4+ bdrms
BUYER'S MARKET
226
149
3 bdrms
701
69
<3 bdrms
. . . . 0 0 0 0
371
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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