vancouver region TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.9% VS 2023
▲ 1.9% VS 2023
▲ 39% VS 2023
▲ 28% VS 2023
There were 2,780 townhome listings in the Vancouver Region in November, 10% below October and 39% higher than November 2023. November townhome sales decreased by 16% month-over-month, to 618, and were 28% above November 2023. The sales-to-listing ratio for townhomes in the Vancouver Region, at 22%, reflected a sellers' market. The townhome median price in November was $927,500, a 0.8% increase from October and 1.9% above November 2023. The average sold price was $1,020,828, 1.5% above last month; the average PSF sale price was $685, up 3% to last month.
THIS MONTH No. $685 $1,020,828 $927,500 22% 618 2,780
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$669 $1,001,997 $910,000 24% 481 1,997
2% 1.9% 1.9% -8% 28% 39%
$667 $1,005,821 $920,000 24% 736 3,084
3% 1.5% 0.8% -7% -16% -10%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
3,084
2,924
2,782
3,150
3,026
2,976
2,780
2,458
1,997
1,853
2,021
1,543 1,583
857
807
783
736
713
618
712
481
599
577
545
452
364
$950K
$940K
$935K
$921K
$928K
$910K
$920K
$915K
$920K
$900K
$889K
$893K
$885K
Vancouver Region
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
105
800
4+ bdrms
709
600
345
3 bdrms
1,401
400
29%
24%
153
24% 23%
19%
2 bdrms
200
14%
12%
623
4%
0
15
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
47
S-L RATIO SALES INVENTORY
105 25 24%
510 148 29%
865 204 24%
527 123 23%
372 72 19%
258 35 14%
78 3 4%
65 8 12%
Copyright © 2024 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 December 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 6 ●
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