greater vancouver board area TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 1.3% VS 2023
▲ 56% VS 2023
▼ 21% VS 2023
There were 1,604 townhome listings in the Greater Vancouver board area in June, 4% above May and 56% higher than June 2023. June townhome sales decreased by 15% month-over-month, to 371, and were 21% below June 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 23%, reflected a sellers' market. The townhome median price in June was $1,104,999, a 2% increase from May and 1.3% above June 2023. The average sold price was $1,178,774, 3% above last month; the average PSF sale price was $793, up 2% to last month.
THIS MONTH No. $793 $1,178,774 $1,104,999 23% 371 1,604
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$788 $1,148,232 $1,091,250 46% 470 1,028
0.7% 3% 1.3% -49% -21% 56%
$775 $1,141,480 $1,080,000 28% 439 1,541
-19% -15% 4%
2% 3% 2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,604
1,395
1,541
1,218
1,173
1,116
1,031
1,035
1,148
1,028
1,020
876
863
455
439
399
470
351
319
298
371
267
391
302
220
179
$1.09M $1.09M $1.07M $1.10M $1.05M $1.05M $1.05M $1.07M $1.08M $1.10M $1.09M $1.08M $1.10M
REBGV
FVREB
▶ 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
350
59
4+ bdrms
300
266
250
220
200
3 bdrms
888
150
33%
26%
24% 26%
87
100
2 bdrms
17%
408
8%
8%
6%
50
0
5
<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+
42
S-L RATIO SALES INVENTORY
51 4 8%
176 45 26%
310 102 33%
314 76 24%
341 87 26%
271 47 17%
65 4 6%
76 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. 9 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online