vancouverwest TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 37% SELLERS'MARKET
▶ MARKETSUMMARY Therewere145townhomelistingsinVancouverWestin March,6%aboveFebruaryand21%lowerthanMarch 2021. Marchtownhomesalesincreasedby10% month-over-month,to54,andwere32%belowMarch 2021. Thesales-to-listingratiofortownhomesinVancouver West,at37%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,561,500,a 9%decreasefromFebruaryand2%aboveMarch2021. Theaveragesoldpricewas$1,555,470,10%belowlast month;theaveragePSFsalepricewas$1,149,down3% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 11% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 4% VS2021
▲ 2% VS2021
▼ 21% VS2021
▼ 32% VS2021
THISMONTH No. $1,149 $1,555,470 $1,561,500 37% 54 145
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,032 $1,500,615 $1,527,000 43% 79 184
11% 4% 2% -13% -32% -21%
$1,182 $1,729,096 $1,720,000 36% 49 137
-3% -10% -9% 4% 10% 6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
174
184
188
182 183
150
137
145
142
141
139
19
13
86
84
69
79
49
49
44
54
54
48
41
39
35
$1.72M
$1.61M
$1.56M
$1.52M
$1.53M
$1.49M
$1.48M
$1.45M
$1.44M
$1.41M
$1.39M
$1.29M
$1.30M
VANCOUVERWEST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
3
100%+
100%
4+bdrms
50
22
40
22
63%
60%
3bdrms
69
30
33%
20
25
2bdrms
16%
45
10
0
4
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 0 n/a
2 5 250%
10 6 60%
5 5 100%
16 10 63%
60 20 33%
51 8 16%
9
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 46 ●
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