greater vancouver board area
TOWNHOME - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
0.8 % UP
1.5 % DOWN
50 % UP
SELLER’S 28 %
The number of townhome listings in the REBGV dipped to 1,671 in October, 12% below September and 1.5% lower year-over-year. Townhome sales in October, at 465, were up 31% vs September and were 50% above last year. The sales-to-listings ratio increased to 28% as the REBGV townhome market became favourable to sellers. The townhome benchmark price in October was $771,600, 0.5% above September but 6% lower than in October 2018. The average sold price was $856,026, with an average PSF sales price of $589 (6% and 8% higher, respectively, vs September).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,671
1,900
-12% 31% 49%
1,697
-1.5% 50% 52% -6% 0.8%
TOTAL SALES
465 28%
355 19%
311 18%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$771,600 $767,500 $856,026 $803,863
0.5% $818,900 6% $848,979
$589
$546
8%
$608
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$818,900 $797,400 $780,600 $775,000 $774,700 $771,900 $771,600
2,156
1,995
1,991
1,697
1,671
1,540
1,294
465
345
341
316
311
239
167
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
77
4+ bdrms
BUYER'S MARKET
290
259
3 bdrms
919
129
<3 bdrms
. . . . 0 0 0 0
462
S-L RATIO SALES INVENTORY
Copyright © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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