greater vancouver board area TOWNHOME - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 10% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 12% VS 2022
▲ 11% VS 2022
▲ 7% VS 2022
▲ 18% VS 2022
There were 1,123 townhome listings in the Greater Vancouver board area in November, 8% below October and 7% higher than November 2022. November townhome sales decreased by 10% month-over-month, to 267, and were 18% above November 2022. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 24%, reflected a sellers' market. The townhome median price in November was $1,050,900, a 0.1% increase from October and 11% above November 2022. The average sold price was $1,143,777, 1.3% above last month; the average PSF sale price was $785, up 0.2% to last month.
THIS MONTH No. $785 $1,143,777 $1,050,900 24% 267 1,123
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$717 $1,021,546 $949,000 21% 226 1,053
10% 12% 11% 11% 18% 7%
$784 $1,129,070 $1,049,950 24% 298 1,223
0.2% 1.3% 0.1% -2% -10% -8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,223
1,053
1,123
1,030
1,033
1,175
992
910
1,024
910
845
823
816
499
470
368
351
306
298
396
391
267
185
226
302
120
$1.09M $1.09M $1.07M $1.10M $1.05M $1.05M
$1000K $1.05M $1.05M
$985K $979K $1.04M
$949K
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
250
50
4+ bdrms
196
200
140
150
3 bdrms
635
50%
37%
100
27% 25%
27%
72
2 bdrms
16%
254
50
7%
6%
0
5
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
38
S-L RATIO SALES INVENTORY
14 1 7%
24 12 50%
115 42 37%
221 59 27%
254 69 27%
182 46 25%
187 30 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. 9 ●
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