the rennie review - April 2021

TOWNHOME  MARCH  vancouver west

AVERAGE PRICE

AVERAGE PSF PRICE 8 % UP

BENCHMARK PRICE 5 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

SELLER’S 40 %

19 % UP

4 % UP

80 % UP

At 218, the number of townhome listings in Vancouver West was 12% higher month-over-month and 4% higher year-over-year. Townhome sales, at 88, were up 54% month-over- month and 80% higher year-over-year. The sales-to-listings ratio increased to 40% in March as Vancouver West’s townhome market remained in seller’s market territory. The benchmark price in March was $1.89M, 1.8% above last month and 5% above this time last year. The average sold price was $1.57M, while the aver- age PSF sales price was $1,066 (increasing 6% and decreasing 0.3%, respectively, from last month).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 194

% Change

No. 210

% Change

TOTAL LISTINGS

218

12% 54% 37%

4%

TOTAL SALES

88

57

49

80% 73%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

40%

29%

23%

$1,188,300 $1,167,700 $1,566,767 $1,478,100

1.8% $1,133,100 6% $1,320,915

5%

19%

$1,066

$1,069

-0.3%

$991

8%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.19

$1.16

$1.15

$1.14

$1.14

$1.13

$1.13

262

238

232

218

210

197

193

88

50

49

48

46

34

30

VANCOUVER WEST REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

5



4+ bdrms

BUYER'S MARKET

15









40



3 bdrms



112

  





43



<3 bdrms

. . . . 0 0 0 0 QD QD                      

91

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 April 6, 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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