greater vancouver board area
TOWNHOME FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
27 % DOWN
19 % UP
17 % UP
7 % UP
80 % UP
SELLER’S 63 %
The number of townhome listings in the REBGV decreased to 963 in February, 2% below January and 27% lower year-over-year. Townhome sales in February, at 610, were up 63% vs January and 80% above last year. The sales-to-listings ratio increased to 63% as the REBGV townhome market remained a seller’s market. The townhome benchmark price in February was $839,800, 3% above January and 7% higher than in February 2020. The average sold price was $967,053, with an average PSF sales price of $654 (up 7% and 5%, respectively, vs January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 983 374 38%
% Change
No.
% Change
TOTAL LISTINGS
963 610 63%
-2% 63% 66%
1,315
-27% 80% 146%
TOTAL SALES
339 26%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$839,800 $815,800 $967,053 $901,260
3% $783,400 7% $810,527
7%
19% 17%
$654
$621
5%
$560
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$839,800
$783,400 $791,200 $790,800 $806,400 $813,000 $813,900
1,708
1,577
1,529
1,349
1,315
963
931
677
610
540
504
412
339
193
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
104
4+ bdrms
BUYER'S MARKET
145
321
3 bdrms
507
185
<3 bdrms
. . . . 0 0 0 0
311
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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