vancouver region TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 35% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 4% VS 2023
▲ 55% VS 2023
▲ 10% VS 2023
There were 2,465 townhome listings in the Vancouver Region in April, 21% above March and 55% higher than April 2023. April townhome sales increased by 10% month-over-month, to 861, and were 10% above April 2023. The sales-to-listing ratio for townhomes in the Vancouver Region, at 35%, reflected a sellers' market. The townhome median price in April was $935,000, a 1.6% decrease from March and 4% above April 2023. The average sold price was $1,027,439, 1.1% below last month; the average PSF sale price was $672, down 0.5% to last month.
THIS MONTH No. $672 $1,027,439 $935,000 35% 861 2,465
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$648 $985,920 $899,000 49% 784 1,590
4% 4% 4% -29% 10% 55%
$676 $1,038,969 $950,000 39% 784 2,029
10% 21%
-0.5% -1.1% -1.6% -10%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,465
2,151
2,087
2,001
1,885
1,862
1,790
2,029
1,882
1,840
1,590
1,592
1,547
944
947
784
861
784
481
767
669
598
580
518
453
365
$950K
$938K
$935K
$922K
$915K
$920K
$910K
$920K
$910K
$899K
$900K
$900K
$889K
Vancouver Region
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
800
185
700
4+ bdrms
512
600
500
453
3 bdrms
1,306
400
43%
39% 39% 41%
300
28%
25%
211
2 bdrms
200
15%
612
7%
100
0
12
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
35
S-L RATIO SALES INVENTORY
92 40 43%
437 170 39%
776 301 39%
426 175 41%
331 94 28%
267 66 25%
65 10 15%
71 5 7%
Copyright © 2024 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 May 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 6 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online