TOWNHOME OCTOBER vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
18 % DOWN
4 % UP
4 % UP
50 % UP
SELLER’S 50 %
The number of townhome listings in the Vancouver Region decreased 14% from last month, settling at 2,584, and were 18% below October 2019. Townhome sales, at 1,291, were 9% higher vs last month and 50% above October 2019. The sales-to-listings ratio increased to 50% in October, as the Vancouver Region’s townhome segment remained in a seller’s market. The benchmark price in October was 0.4% above September, at $703,800, and was 5% higher year-over-year. The average sold price was $756,157 in October, (increasing 1.7% vs September) while the average PSF sales price was $503 (increasing 1.6%).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,584 1,291
2,989 1,189
-14%
3,151
-18% 50% 83%
TOTAL SALES
9%
860 27%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
50%
40%
26%
$703,800 $701,000 $756,157 $743,854
0.4% $669,400 1.7% $726,966
5% 4% 4%
$503
$495
1.6%
$486
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$669,400 $669,500 $676,500 $684,500 $688,400 $697,800 $703,800
3,151
3,030
2,833
2,584
2,366
2,297
1,978
1,291
1,056
863
860
676
577
393
VANCOUVR REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
265
4+ bdrms
522
696
3 bdrms
1,361
330
<3 bdrms
701
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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