greater vancouver board area
TOWNHOME JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
13 % UP
0.7 % DOWN
54 % UP
SELLER’S 24 %
The number of townhome listings in the REBGV fell to 1,116 in January, 0.6% above December but 24% lower year-over-year. Townhome sales in January, at 272, were down 7% vs December but were 54% above last year. The sales-to-listings ratio decreased to 24% as the REBGV townhome market remained favourable to sellers. The townhome benchmark price in January was $782,500, 0.5% above December but 0.7% lower than in January 2019. The average sold price was $875,325, with an aver- age PSF sales price of $587 (3% and 1.7% higher, respectively, vs December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,116
1,109
0.6%
1,460
-24% 54% 101% -0.7%
TOTAL SALES
272 24%
293 26%
-7% -8%
177 12%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$782,500 $778,400 $875,325 $846,637
0.5% $787,800 3% $775,070
13%
$587
$577
1.7%
$546
8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$787,800 $772,500 $779,400 $770,000 $767,500 $772,800 $782,500
2,107
2,089
1,945
1,744
1,573
1,460
1,116
412
404
397
355
280
272
177
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
49
4+ bdrms
BUYER'S MARKET
212
162
3 bdrms
586
61
<3 bdrms
. . . . 0 0 0 0
318
S-L RATIO SALES INVENTORY
Copyright © 2020 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 February 5, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & 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.
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