vancouver region TOWNHOME - OCTOBER 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
▲ 0.2% VS 2023
▲ 43% VS 2023
▲ 42% VS 2023
- VS 2023
There were 3,081 townhome listings in the Vancouver Region in October, 2% below September and 43% higher than October 2023. October townhome sales increased by 27% month-over-month, to 736, and were 42% above October 2023. The sales-to-listing ratio for townhomes in the Vancouver Region, at 24%, re'ected a sellers' market. The townhome median price in October was $920,000, a 3% increase from September and no change to October 2023. The average sold price was $1,005,823, 0.8% above last month; the average PSF sale price was $667, down 2% to last month.
THIS MONTH No. $667 $1,005,823 $920,000 24% 736 3,081
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$678 $1,003,536 $920,000 24% 518 2,148
42% 43%
$681 $997,497 $894,000 18% 578 3,147
-2% 0.8% 3% 30% 27% -2%
-1.5% 0.2% 0% -0.9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,924
3,081
2,782
3,147
3,025
2,973
2,458
1,997
2,148
1,853
2,021
1,543 1,583
857
807
783
713
736
481
518
712
599
578
545
452
364
$950K
$940K
$935K
$921K
$920K
$910K
$920K
$915K
$920K
$900K
$889K
$894K
$885K
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
135
4+ bdrms
800
731
600
400
3 bdrms
1,600
400
32%
26% 25%
25%
193
19%
2 bdrms
200
17% 14%
691
7%
0
8
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
<2 bdrms
127 32 25%
558 181 32%
959 246 26%
571 144 25%
438 73 17%
288 41 14%
80 15 19%
60 4 7%
59
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 November 12, 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online