greater vancouver board area
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
22 % DOWN
15 % UP
15 % UP
119 % UP
SELLER’S 84 %
The number of townhome listings in the REBGV decreased to 1,073 in March, 7% above February but 22% lower year-over-year. Townhome sales in March, at 896, were up 47% vs February and 119% above last year. The sales-to-listings ratio increased to 84% as the REBGV townhome market remained a seller’s market. The townhome benchmark price in March was $872,200, 4% above February and 10% higher than in March 2020. The average sold price was $979,916, with an average PSF sales price of $678 (up 1.6% and 4%, respectively, vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,073
1,000
7%
1,373
-22% 119% 180%
TOTAL SALES
896 84%
609 61%
47% 37%
409 30%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$872,200 $839,800 $979,916 $964,544
4% $790,200 1.6% $855,717
10% 15% 15%
$678
$654
4%
$591
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$872,200
$790,200 $792,700 $797,700 $809,900 $814,800 $815,800
1,679
1,690
1,373
1,369
1,356
1,073
1,003
634
535
534
409
896
374
263
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
129
4+ bdrms
BUYER'S MARKET
151
520
3 bdrms
599
247
<3 bdrms
. . . . 0 0 0 0
323
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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