greater vancouver board area TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 21% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2022
▲ 7% VS 2022
▲ 6% VS 2022
▼ 3% VS 2022
There were 863 townhome listings in the Greater Vancouver board area in December, 23% below November and 6% higher than December 2022. December townhome sales decreased by 33% month-over-month, to 180, and were 3% below December 2022. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 21%, reflected a balanced market. The townhome median price in December was $1,056,000, a 0.5% increase from November and 7% above December 2022. The average sold price was $1,165,673, 1.9% above last month; the average PSF sale price was $791, up 0.7% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 185 815
% Change
No.
% Change 0.7% 1.9% 0.5% -13% -33% -23%
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
180 863
-8% -3% 6%
$785 $1,143,777 $1,050,900 24% 267 1,116
$791 $1,165,673 $1,056,000 21%
$754 $1,088,670 $985,000 23%
5% 7% 7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,218
1,116
1,028 1,031
1,173
991
909
1,020
909
815
863
844
821
499
470
368
351
306
298
267
396
391
302
185
180
120
$1.09M $1.09M $1.07M $1.10M $1.05M $1.05M $1.06M
$1000K $1.05M $1.05M
$985K $979K $1.04M
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
200
35
4+ bdrms
144
150
98
57%
3 bdrms
100
498
44
24%
23%
50
2 bdrms
19%
195
13%
9%
9%
0
3
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
26
S-L RATIO SALES INVENTORY
13 0 n/a
22 2 9%
67 38 57%
170 41 24%
190 43 23%
145 28 19%
152 19 13%
104 9 9%
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 January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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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