vancouver region TOWNHOME - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2022
▲ 6% VS 2022
▲ 0.4% VS 2022
▲ 16% VS 2022
There were 2,005 townhome listings in the Vancouver Region in November, 7% below October and 0.4% higher than November 2022. November townhome sales decreased by 7% month-over-month, to 481, and were 16% above November 2022. The sales-to-listing ratio for townhomes in the Vancouver Region, at 24%, reflected a sellers' market. The townhome median price in November was $910,000, a 1.1% decrease from October and 6% above November 2022. The average sold price was $1,001,997, 0.2% below last month; the average PSF sale price was $669, down 1.3% to last month.
THIS MONTH No. $669 $1,001,997 $910,000 24% 481 2,005
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$623 $925,084 $860,000 21% 415 1,998
15% 16% 0.4%
$678 $1,003,527 $920,000 24% 518 2,154
-7% -7%
-1.3% -0.2% -1.1% -0.2%
7% 8% 6%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,154
1,998
1,885
2,005
2,086
1,789 1,840
1,883
1,571
1,589
1,567
1,529
1,507
947
944
757
548
784
767
670
481
580
415
518
339
289
$922K
$920K
$920K
$915K
$910K
$910K
$899K
$900K
$860K
$860K
$865K
$840K
$810K
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
600
102
4+ bdrms
444
500
400
239
3 bdrms
1,082
300
39%
32%
31%
200
26%
131
23%
22%
2 bdrms
16%
438
100
6%
0
9
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
41
S-L RATIO SALES INVENTORY
31 10 32%
74 29 39%
355 110 31%
626 144 23%
376 98 26%
223 50 22%
194 32 16%
126 8 6%
Copyright © 2023 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 December 11, 2023. 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. 6 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online