greater vancouver board area TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 33% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 4% VS 2023
▲ 54% VS 2023
▲ 15% VS 2023
There were 1,399 townhome listings in the Greater Vancouver board area in April, 22% above March and 54% higher than April 2023. April townhome sales increased by 14% month-over-month, to 457, and were 15% above April 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 33%, reflected a sellers' market. The townhome median price in April was $1,090,000, a 0.6% decrease from March and 4% above April 2023. The average sold price was $1,166,381, 2% below last month; the average PSF sale price was $785, down 1.3% to last month.
THIS MONTH No. $785 $1,166,381 $1,090,000 33% 457 1,399
PREVIOUS MONTH
PREVIOUS YEAR
No. 396 911
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3% 3% 4% -25% 15% 54%
$795 $1,194,440 $1,096,750 35% 400 1,150
14% 22%
$760 $1,130,760 $1,047,750 43%
-1.3% -2% -0.6% -6%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,399
1,221
1,176
1,120
1,039
1,030
1,033
993
1,150
1,023
911
881
867
499
470
400
457
351
319
396
298
267
391
302
221
180
$1.05M $1.05M $1.09M $1.09M $1.07M $1.10M $1.05M $1.05M $1.06M $1.07M $1.08M $1.10M $1.09M
REBGV
FVREB
▶ 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
300
75
4+ bdrms
250
216
200
266
3 bdrms
764
47%
150
45%
41%
37%
100
26% 25%
106
2 bdrms
16%
387
50
7%
0
10
<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+
32
S-L RATIO SALES INVENTORY
40 18 45%
139 52 37%
290 118 41%
248 116 47%
285 73 26%
263 65 25%
64 10 16%
70 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. 9 ●
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