vancouver region TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.5% VS 2023
▲ 0.4% VS 2023
▲ 47% VS 2023
▲ 45% VS 2023
There were 2,261 townhome listings in the Vancouver Region in December, 19% below November and 47% higher than December 2023. December townhome sales decreased by 14% month-over-month, to 529, and were 45% above December 2023. The sales-to-listing ratio for townhomes in the Vancouver Region, at 23%, reflected a sellers' market. The townhome median price in December was $892,000, a 4% decrease from November and 0.4% above December 2023. The average sold price was $1,003,080, 1.7% below last month; the average PSF sale price was $657, down 4% to last month.
THIS MONTH No. $657 $1,003,080 $892,000 23% 529 2,261
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$657 $988,477 $888,500 24% 364 1,543
45% 47%
$685 $1,020,640 $927,000 22% 617 2,784
-4% -1.7% -4% 6% -14% -19%
0.1% 1.5% 0.4% -0.8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
3,087
2,925
2,783
2,784
3,152
3,026
2,978
2,459
2,261
1,853
2,021
1,543
1,583
857
807
783
736
713
529
712
617
599
577
364
545
452
$950K
$940K
$935K
$921K
$927K
$920K
$915K
$920K
$900K
$889K
$893K
$892K
$885K
Vancouver Region
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
700
107
4+ bdrms
600
568
500
285
400
3 bdrms
1,166
300
36% 34%
25%
129
200
21% 19%
2 bdrms
486
12% 13% 12%
100
0
8
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
41
S-L RATIO SALES INVENTORY
85 31 36%
408 139 34%
690 170 25%
439 91 21%
303 57 19%
217 26 12%
62 8 13%
57 7 12%
Copyright © 2025 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 January 13, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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 ●
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