vancouverregion TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 75% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,680townhomelistingsintheVancouver RegioninMarch,37%aboveFebruaryand0.6%higher thanMarch2021. Marchtownhomesalesincreasedby37% month-over-month,to1,256,andwere24%belowMarch 2021. Thesales-to-listingratiofortownhomesintheVancouver Region,at75%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,000,000,a 2%decreasefromFebruaryand28%aboveMarch2021. Theaveragesoldpricewas$1,072,906,2.0%belowlast month;theaveragePSFsalepricewas$715,down4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 26% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2021
▲ 28% VS2021
▲ 0.5% VS2021
▼ 24% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,256 1,680
1,663 1,670
26% 27% 28% -25% -24% 0.6%
75% 916 1,228
-4% -2% -2% 0.2% 37% 37%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$715 $1,072,906 $1,000,000 75%
$566 $846,706 $779,900 100%
$742 $1,094,532 $1,025,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,960
1,969
1,680
1,670 1,591
1,674
1,910
1,663
1,400
1,306
1,256
1,228
1,193
1,377
1,076
942
782
766
1,013
1,002
987
973
925
916
587
575
$1.00M $1.02M
$990K
$900K
$880K
$845K
$834K
$790K
$780K
$781K
$785K
$781K
$775K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
600
246
100%+
4+bdrms
88%
382
500
73%
68%
400
687
60%
3bdrms
911
51%
300
200
30%
301
23%
2bdrms
358
100
0
29 22
<$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
20 6 30%
58 35 60%
277 141 51%
611 445 73%
294 330 112%
225 199 88%
124 84 68%
71 16 23%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●
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