TOWNHOME MARCH vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 26 %
21 % DOWN
3 % UP
75 % UP
At 185, the number of townhome listings in Vancouver West were 11% lower in March than in February and 21% below March 2019. Townhome sales, at 49, were up by 15 vs February and 21 above last March. The sales-to-listings ratio increased to 26% in March as Vancouver West’s townhome market transitioned to seller’s market territory. The benchmark price in March was $1.13M, rel- atively unchanged from last month but 2% higher than last year. The average sold price was $1.32M, while the aver- age PSF sales price was $991 (increasing 12% and 6%, respectively, from last month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 209
% Change
No. 234
% Change
TOTAL LISTINGS
185
-11% 44% 63%
-21% 75% 121%
TOTAL SALES
49
34
28
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
26%
16%
12%
$1,133,500 $1,131,400 $1,320,915 $1,176,006
0.2% $1,109,100 12% $1,276,844
2% 3% 3%
$991
$935
6%
$963
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.15
$1.13
$1.13
$1.12
$1.11
$1.11
$1.10
304
281
264
248
234
197
185
49
48
48
29
28
27
24
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
1
4+ bdrms
17
SELLER'S MARKET
17
3 bdrms
BALANCED
80
BUYER'S MARKET
31
<3 bdrms
. . . . 0 0 0 0 QD QD
88
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 April 3, 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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