Vancouver Townhouse Market Report – May 2021

Q: How many homes sold in Vancouver in May 2021?

123 townhouse properties sold in Vancouver during May 2021 based on MLS® records. There were 1,140 active listings at the start of the month. A total of 233 new listings came to market during the month.

Q: What is the average home price in Vancouver?

The average townhouse sold price in Vancouver in May 2021 was $1,252,297. Sold prices ranged from $580,000 to $3,075,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Vancouver?

In May 2021, townhouse properties in Vancouver averaged 17 days on the market before selling. With an absorption rate of 10.8%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Vancouver market changed compared to last year?

The average townhouse sold price in Vancouver in May 2021 was $1,252,297, down 6.3% year-over-year compared to May 2020 ($1,337,029). Sales volume was up 778.6% compared to the same month last year. Data is sourced from MLS® sold records.

Vancouver is an active townhouse market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Vancouver based on MLS® data.

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123

Units Sold

$1,252,297

Avg Sold Price

17d

Avg Days on Market

Buyer's Market

Market Condition

1,140 active at start of month 233 new listings Absorption rate: 10.8% Highest sold: $3,075,000 Lowest sold: $580,000

How Does May 2021 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
May 2021 (this report)	123	$1,252,297	17d
April 2021 month prior	146 -15.8%	$1,299,154 -3.6%	18d -5.6%
May 2020 year ago	14 +778.6%	$1,337,029 -6.3%	—

3-Year Price Trend — Vancouver Townhouse

The Vancouver townhouse real estate market was a Buyer's Market in May 2021, with 1,140 active listings at the start of the month, 123 properties sold, an average sold price of $1,252,297, properties averaging 17 days on market, an absorption rate of 10.8%. All data is sourced from MLS® sold records.

Recently Sold in Vancouver

5946 Oak Street

Sold $1,480,000

3 bd • 3 ba • Townhouse

2711 Prince Edward Street

Sold $1,310,000

3 bd • 2 ba • Townhouse

2546 2nd Avenue

Sold $1,381,200

3 bd • 2 ba • Townhouse

4490 8th Avenue

Sold $2,310,000

3 bd • 2 ba • Townhouse

1137 33rd Avenue

Sold $693,000

1 bd • 1 ba • Townhouse

2780 Acadia Road

Sold $1,150,000

3 bd • 2 ba • Townhouse

Active Listings in Vancouver

7331 Granville Street

$1,599,000

3 bd • 3 ba • Townhouse

7061 Cypress Street

$1,998,800

3 bd • 3 ba • Townhouse

3350 Rosemont Drive

$1,295,000

4 bd • 3 ba • Townhouse

1167 8th Avenue

$1,398,000

2 bd • 2 ba • Townhouse

3350 Cobblestone Avenue

$1,199,000

4 bd • 3 ba • Townhouse

3438 Copeland Avenue

$670,000

3 bd • 2 ba • Townhouse

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Vancouver specialist

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Related: Vancouver Townhouse Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Vancouver May 2021

Is it a good time to buy in Vancouver? −

In May 2021, the Vancouver townhouse real estate market is classified as a Buyer's Market with an absorption rate of 10.8%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in Vancouver in May 2021? +

What is the average home price in Vancouver? +

How long are homes sitting on the market in Vancouver? +

How has the Vancouver market changed compared to last year? +

Last Update: 06/03/2026 Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.