the rennie review - November 2020

TOWNHOME  OCTOBER  vancouver east

AVERAGE PRICE

AVERAGE PSF PRICE 9 % UP

BENCHMARK PRICE 5 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

11 % UP

12 % UP

17 % UP

SELLER’S 32 %

The 106 townhome listings in Vancouver East in October were 7% lower month-over-month but 12% higher year-over-year. The 34 townhome sales in October were 8% below last month but 17% higher vs last year. The sales-to-listings ratio for townhomes was unchanged at 32%, as conditions in Vancouver East’s townhome market remained favourable to sellers. The townhome benchmark price in October was $902,100, down 3% from September but 5% higher year-over-year. October’s average sold price was $988,378 at an average PSF sales price of $773 (up 5% and 0.3%, respectively, vs last month).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 114

% Change

No.

% Change

TOTAL LISTINGS

106

-7% -8%

95 29

12% 17%

TOTAL SALES

34

37

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

32%

32%

-1.2%

31%

5% 5%

$902,100 $926,000 $988,378 $940,727

-3% $860,300 5% $891,628

11%

$773

$771

0.3%

$712

9%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$860,300 $886,100 $901,500 $893,300 $888,600 $903,100 $902,100

106

106

95

84

69

53

42

34

31

29

25

19

17

12

VANCOUVER EAST REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



1

4+ bdrms

BUYER'S MARKET



8







21



3 bdrms



66









12



<3 bdrms

. . . . 0 0 0 0 QD      QD                 

32

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 November 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.

39

Made with FlippingBook - professional solution for displaying marketing and sales documents online