vancouver region TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.5% VS 2023
▲ 0.8% VS 2023
▲ 59% VS 2023
▼ 25% VS 2023
There were 2,916 townhome listings in the Vancouver Region in June, 5% above May and 59% higher than June 2023. June townhome sales decreased by 12% month-over-month, to 713, and were 25% below June 2023. The sales-to-listing ratio for townhomes in the Vancouver Region, at 24%, reflected a sellers' market. The townhome median price in June was $922,500, a 0.1% increase from May and 0.8% above June 2023. The average sold price was $1,018,952, 0.3% above last month; the average PSF sale price was $674, up 0.4% to last month.
THIS MONTH No. $674 $1,018,952 $922,500 24% 713 2,916
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$664 $1,004,007 $915,000 52% 947 1,838
1.5% 1.5% 0.8% -53% -25% 59%
$671 $1,015,414 $921,161 29% 808 2,783
0.4% 0.3% 0.1% -16% -12% 5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,783
2,916
2,463
2,148
2,084
1,997
1,883
1,858
2,027
1,838
1,879
1,587
1,543
858 808
783
947
713
481
767
669
600
580
518
452
364
$950K
$938K
$935K
$923K
$915K
$920K
$910K
$920K
$910K
$921K
$900K
$900K
$889K
Vancouver Region
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
1,000
132
4+ bdrms
800
648
600
393
3 bdrms
1,546
400
31%
27%
26%
180
22% 24%
2 bdrms
17%
200
671
8%
7%
0
8
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
51
S-L RATIO SALES INVENTORY
118 31 26%
526 161 31%
913 247 27%
524 117 22%
405 97 24%
283 49 17%
70 5 7%
77 6 8%
Copyright © 2024 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 July 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 6 ●
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