greater vancouver board area
TOWNHOME - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % UP
53 % UP
7 % DOWN
9 % DOWN
BALANCED 20 %
The number of townhome listings in the REBGV rose to 2,024 in May, 2% above April and 53% higher year-over-year. Townhome sales in May, at 412, were up 30% vs April and were 2% above last year. The sales-to-listings ratio rose to 20% as the REBGV townhome market remained balanced. The townhome benchmark price in May was $779,400, 0.5% below April and 9% lower than in May 2018. The average sold price was $830,130, with an aver- age PSF sales price of $567 (virtually unchanged and 3% lower, respectively, from April).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,024
1,984
2%
1,324
53%
TOTAL SALES
412 20%
316 16%
30% 28%
404 31%
2%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-33%
$779,400 $783,300 $830,130 $829,845
-0.5% $852,700 0.0% $891,741
-9% -7% -9%
$567
$582
-3%
$621
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$852,700 $846,400 $837,600 $818,500 $800,600 $783,600 $779,400
2,024
1,781
1,692
1,690
1,542
1,493
1,324
412
404
314
280
256
251
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
46
4+ bdrms
BUYER'S MARKET
328
249
3 bdrms
1,123
117
<3 bdrms
. . . . 0 0 0 0
573
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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