greater vancouver board area
TOWNHOME OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
21 % DOWN
3 % UP
4 % UP
46 % UP
SELLER’S 48 %
The number of townhome listings in the REBGV increased to 1,411 in October, 15% below September and 21% lower year-over-year. Townhome sales in October, at 680, were up 7% vs September and 46% above last year. The sales-to-listings ratio increased to 48% as the REBGV townhome market remained a seller’s market. The townhome benchmark price in October was $813,000, 0.4% above September and 5% higher than in October 2019. The average sold price was $880,425, with an average PSF sales price of $610 (up 1.9% and 3%, respectively, vs September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,411
1,659
-15%
1,791
-21% 46% 86%
TOTAL SALES
680 48%
634 38%
7%
465 26%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
26%
$813,000 $809,900 $880,425 $864,105
0.4% $771,500 1.9% $856,095
5% 3% 4%
$610
$592
3%
$589
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$813,000
$771,500 $776,200 $783,400 $791,200 $790,800 $806,400
1,791
1,707
1,577
1,411
1,314
1,348
1,134
680
540
465
412
339
292
193
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
116
4+ bdrms
BUYER'S MARKET
239
369
3 bdrms
739
195
<3 bdrms
. . . . 0 0 0 0
433
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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