townhome
G R E A T E R V A N C O U V E R B O A R D A R E A - 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 ›
7 % DOWN
13 % DOWN
30 % DOWN
67 % UP
BALANCED 16 %
The number of townhome listings in the REBGV rose to 1,506 in February, 3% above January and 67% higher year-over-year. Townhome sales in February, at 240, were up 34% vs January but were 30% below last year. The sales-to-listings ratio increased to 16% as the REBGV townhome segment remained in balanced market conditions. The townhome benchmark price in February was $789,300, 1.4% below January and 3% lower than in February 2018. The average sold price was $822,474, with an average PSF sales price of $564 (up 6% and 3%, respectively, from January).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 904 342 38%
% Change
TOTAL LISTINGS
1,506
1,458
3%
67% -30% -58%
TOTAL SALES
240 16%
179 12%
34% 30%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$789,300 $800,600 $822,474 $776,018
-1.4% $816,300 6% $881,825
-3% -7%
$564
$548
3%
$650
-13%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$816,300 $846,400 $854,900 $846,100 $829,200 $809,700 $789,300
1,731
1,538
1,506
1,456
1,326
1,100
904
395
370
342
311
294
240
167
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
41
4+ bdrms
BUYER'S MARKET
263
130
3 bdrms
834
69
<3 bdrms
. . . . 0 0 0 0
409
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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