TOWNHOME OCTOBER vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 24 %
16 % DOWN
6 % DOWN
9 % DOWN
8 % UP
At 234, the number of townhome listings in Vancouver West was 9% lower month-over-month and year-over-year. Townhome sales, at 55, were up by 10% vs September and 8% above last October. The sales-to-listings ratio increased to 24% in October as Vancouver West’s townhome market transitioned to seller’s market territory. The benchmark price in October was $1.16M, 0.5% below last month but 4% higher than last year. The average sold price was $1.26M, while the aver- age PSF sales price was $929 (decreasing 8% and 5%, respectively, from last month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 258
% Change
No. 257
% Change
TOTAL LISTINGS
234
-9% 10% 21%
-9%
TOTAL SALES
55
50
51
8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
19%
20%
18%
$1,158,300 $1,164,300 $1,260,216 $1,373,774
-0.5% $1,113,400 -8% $1,499,709
4%
-16%
$929
$976
-5%
$989
-6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.16
$1.16
$1.14
$1.14
$1.12
$1.12
$1.11
257
241
234
214
212
195
186
55
51
43
34
34
30
24
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
4+ bdrms
BUYER'S MARKET
15
22
3 bdrms
106
30
<3 bdrms
. . . . 0 0 0 0 QD
113
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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