greater vancouver board area
TOWNHOME APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
38 % DOWN
39 % DOWN
1.3 % DOWN
1.7 % DOWN
BALANCED 16 %
The number of townhome listings in the REBGV fell to 1,234 in April, 6% belowMarch and 38% lower year-over-year. Townhome sales in April, at 193, were down 53% vs March and were 39% below last year. The sales-to-listings ratio decreased to 16% as the REBGV townhome market became balanced. The townhome benchmark price in April was $796,800, increasing 0.6% fromMarch and 3% higher than in April 2019. The average sold price was $818,950, with an average PSF sales price of $572 (down 4% and 3%, respectively, vs March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,234
1,308
-6%
1,994
-38% -39% -1.3% -1.3% -1.7% 3%
TOTAL SALES
193 16%
409 31%
-53% -50%
316 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$796,800 $791,800 $818,950 $855,744
0.6% $775,000 -4% $829,845
$572
$591
-3%
$582
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$775,000 $774,700 $771,900 $771,600 $778,400 $785,000 $796,800
2,157
1,996
1,994
1,790
1,309 1,234
1,131
465
345
341
340
316
293
193
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
SL RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
43
4+ bdrms
BUYER'S MARKET
219
97
3 bdrms
653
53
<3 bdrms
. . . . 0 0 0 0
362
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 May 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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