TOWNHOME FEBRUARY vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
35 % DOWN
14 % UP
13 % UP
107 % UP
SELLER’S 94 %
The number of townhome listings in the Vancouver Region decreased 12% from last month, settling at 1,489, and were 35% below February 2020. Townhome sales, at 1,398, were 68% higher vs last month and 107% above February 2020. The sales-to-listings ratio increased to 94% in February, as the Vancouver Region’s townhome segment remained in a seller’s market. The benchmark price in February was 3% above January, at $734,700, and was 9% higher year-over-year. The average sold price was $799,108 in February, (increasing 5% vs January) while the average PSF sales price was $529 (increasing 5%).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,489 1,398
1,698
-12% 68% 91%
2,301
-35% 107% 220%
TOTAL SALES
834 49%
676 29%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
94%
$734,700 $712,400 $799,108 $763,039
3% $676,500 5% $699,075
9%
14% 13%
$529
$505
5%
$470
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$734,700
$676,500 $684,500 $688,400 $697,800 $703,800 $708,800
3,035
2,835
2,795
2,369
2,301
1,611 1,005
1,489
1,286
1,055
863
676
1,398
393
VANCOUVER REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
256 279
4+ bdrms
BUYER'S MARKET
757
3 bdrms
796
362
<3 bdrms
. . . . 0 0 0 0
437
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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.
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