greater vancouver board area
TOWNHOME JULY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
7 % UP
6 % UP
32 % UP
SELLER’S 34 %
The number of townhome listings in the REBGV increased to 1,594 in July, 3% above June but 24% lower year-over-year. Townhome sales in July, at 534, were up 30% vs June and 32% above last year. The sales-to-listings ratio increased to 34% as the REBGV townhome market remained a seller’s market. The townhome benchmark price in July was $797,700, 0.9% above June and 4% higher than in July 2019. The average sold price was $853,184, with an aver- age PSF sales price of $589 (up 1.4% and down 1.3%, respectively, vs June).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,594
1,543
3%
2,108
-24% 32% 75%
TOTAL SALES
534 34%
412 27%
30% 25%
404 19%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$797,700 $790,800 $853,184 $841,702
0.9% $769,000 1.4% $794,520 -1.3% $556
4% 7% 6%
$589
$597
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$769,000 $770,000 $771,500 $781,800 $790,200 $792,700 $797,700
2,108
1,948
1,594
1,576
1,364
1,369
1,178
534
409
404
397
355
271
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
100
4+ bdrms
BUYER'S MARKET
273
290
3 bdrms
845
144
<3 bdrms
. . . . 0 0 0 0
476
S-L RATIO SALES INVENTORY
Copyright © 2020 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 August 7, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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