greater vancouver board area
TOWNHOME - JULY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % DOWN
11 % DOWN
30 % UP
29 % UP
SELLER’S 21 %
The number of townhome listings in the REBGV dipped to 1,958 in July, 7% below June but 30% higher year-over-year. Townhome sales in July, at 404, were up 18% vs June and were 29% above last year. The sales-to-listings ratio increased to 21% as the REBGV townhome market became favourable to sellers. The townhome benchmark price in July was $770,000, 0.6% below June and 9% lower than in July 2018. The average sold price was $794,520, with an average PSF sales price of $556 (0.9% higher but 3% lower, respectively, vs June).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,958
2,098
-7% 18% 27%
1,508
30% 29%
TOTAL SALES
404 21%
341 16%
314 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-0.9%
$770,000 $774,700 $794,520 $787,525
-0.6% $846,400 0.9% $884,624
-9%
-10% -11%
$556
$574
-3%
$623
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$846,400 $826,700 $808,000 $787,800 $772,500 $779,400 $770,000
2,083
1,958
1,742
1,657
1,655
1,508
1,458
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
337
240
3 bdrms
1,083
118
<3 bdrms
. . . . 0 0 0 0
538
S-L RATIO SALES INVENTORY
CurrentasofAugust7,2019.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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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