greater vancouver board area TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.3% VS 2023
▲ 0.8% VS 2023
▲ 31% VS 2023
▲ 36% VS 2023
There were 1,460 townhome listings in the Greater Vancouver board area in November, 13% below October and 31% higher than November 2023. November townhome sales decreased by 9% month-over-month, to 364, and were 36% above November 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 25%, reflected a sellers' market. The townhome median price in November was $1,059,450, a 3% decrease from October and 0.8% above November 2023. The average sold price was $1,147,337, 0.4% below last month; the average PSF sale price was $791, up 2% to last month.
THIS MONTH No. $791 $1,147,337 $1,059,450 25% 364 1,460
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$785 $1,143,777 $1,050,900 24% 267 1,116
0.7% 0.3% 0.8% 4% 36% 31%
$773 $1,151,934 $1,090,000 24% 398 1,686
2% -0.4% -3% 6% -9% -13%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,636
1,610
1,540
1,713
1,686
1,390
1,589
1,460
1,116
1,030
1,142
872
863
455
438
399
398
358
319
364
267
370
316
284
220
179
$1.09M $1.06M
$1.07M $1.02M $1.00M
$1.05M $1.05M $1.07M $1.08M $1.10M $1.09M $1.08M $1.10M
REBGV
FVREB
▶ 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
350
49
300
4+ bdrms
286
250
216
200
3 bdrms
773
150
40%
33% 32%
89
100
22%
21%
2 bdrms
13%
13%
360
50
4%
0
10
<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+
41
S-L RATIO SALES INVENTORY
37 8 22%
137 55 40%
271 89 33%
323 104 32%
303 64 21%
252 33 13%
73 3 4%
64 8 13%
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. 9 ●
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