greater vancouver board area
TOWNHOME - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % DOWN
11 % DOWN
8 % DOWN
40 % UP
BALANCED 17 %
The number of townhome listings in the REBGV dipped to 2,042 in June, 1.4% below May but 40% higher year-over-year. Townhome sales in June, at 341, were down 17% vs May and were 8% below last year. The sales-to-listings ratio decreased to 17% as the REBGV townhome market remained balanced. The townhome benchmark price in June was $774,700, 0.6% below May and 9% lower than in June 2018. The average sold price was $787,526, with an average PSF sales price of $574 (5% lower and 1.2% higher, respectively, vs May).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,042
2,071
-1.4% 1,456
40% -8% -34% -10% -11% -9%
TOTAL SALES
341 17%
412 20%
-17% -16%
370 25%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$774,700 $779,400 $787,526 $830,082
-0.6% $847,300 -5% $873,592
$574
$567
1.2%
$646
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$847,300 $837,600 $818,900 $797,400 $780,600 $775,000 $774,700
2,042
2,033
1,731
1,575
1,538
1,456
1,328
370
341
316
311
294
239
167
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
34
4+ bdrms
BUYER'S MARKET
339
201
3 bdrms
1,156
106
<3 bdrms
. . . . 0 0 0 0
564
S-L RATIO SALES INVENTORY
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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