the rennie review - August 2019

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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