greater vancouver board area
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
29 % DOWN
5 % UP
46 % UP
SELLER’S 33 %
The number of townhome listings in the REBGV fell to 1,242 in March, 2% below February and 29% lower year-over-year. Townhome sales in March, at 409, were up 20% vs February and were 46% above last year. The sales-to-listings ratio increased to 33% as the REBGV townhome market remained favourable to sellers. The townhome benchmark price in March was $791,800, increasing 0.9% from February and 2% higher than in March 2019. The average sold price was $855,744, with an average PSF sales price of $591 (both up 6% vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,242
1,272
-2% 20% 23%
1,744
-29% 46% 105%
TOTAL SALES
409 33%
340 27%
280 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$791,800 $785,000 $855,744 $809,640
0.9% $772,500 6% $813,919
2% 5% 3%
$591
$560
6%
$575
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$772,500 $779,400 $770,000 $767,500 $772,800 $782,500 $791,800
2,107
2,089
1,946
1,744
1,575
1,177 1,242
412
409
404
397
355
280
271
REBGV
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
59
4+ bdrms
BUYER'S MARKET
245
247
3 bdrms
661
103
<3 bdrms
. . . . 0 0 0 0
336
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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