townhome
V A N C O U V E R W E S T - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % DOWN
7 % DOWN
50 % UP
38 % DOWN
10 %
At 206, the number of townhome listings in Vancouver West was 13% higher in February than in January and 50% above February 2018. Townhome sales, at 21, were up by 6 vs January but 13 below last February. The sales-to-listings ratio slightly rose to 10% in February as Vancouver West’s townhome market continued to favour buyer’s. The benchmark price in February was $1.21M, 0.7% below last month and 3% lower than last year. The average sold price was $1.26M, while the aver- age PSF sales price was $949 (down 5% and virtually unchanged, respectively, from last month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 182
% Change
No. 137
% Change
TOTAL LISTINGS
206
13% 40% 24%
50% -38% -59%
TOTAL SALES
21
15 8%
34
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
25%
$1,208,500 $1,216,600 $1,260,390 $1,321,173
-0.7% $1,250,100 -5% $1,340,701 0.4% $1,020
-3% -6% -7%
$949
$945
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.30
$1.30
$1.27
$1.25
$1.24
$1.23
$1.21
237
234
224
206
181
157
137
47
42
39
34
33
21
16
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
2
SELLER'S MARKET
4+ bdrms
25
BALANCED
BUYER'S MARKET
5
3 bdrms
83
14
<3 bdrms
. . . . 0 0 0 0 QD
98
S-L RATIO SALES INVENTORY
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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