the rennie review - May 2023

vancouvereast TOWNHOME-APRIL 2023

SALES TO LISTINGSRATIO 36% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS 2022

▼ 8% VS 2022

▲ 3% VS 2022

▼ 37% VS 2022

Therewere76 townhom elistingsin VancouverEastin April,6% aboveM arch and 3% higherthan April2022. Apriltownhom esalesdecreased by27% m onth-over-m onth,to27,and were37% below April 2022. Thesales-to-listing ratio fortow nhom esin Vancouver East,at36% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$1,110,000,a 11% increasefrom M arch and 8% below April2022. Theaveragesold pricewas$1,125,285,7% abovelast m onth;theaveragePSF salepricewas$897,up 6% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

27 76

43 74

-39% -37% 3%

37 72

6% 7% 11% -31% -27% 6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$897 $1,125,285 $1,110,000 36%

$941 $1,162,644 $1,200,000 58%

$844 $1,053,902 $1,000,000 51%

-5% -3% -8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

94

93

88

99

96

95

82

76

80

76

74

72

69

43

37

31

33

27

20

15

25

13

9

20

7

14

$1.20M $1.20M $1.15M $1.17M

$1.11M

$1.09M

$1.05M $1.05M $1.09M

$1.00M

$958K $950K

$899K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

30

5

25

4+ bdrms

16

20

67%

12

3 bdrms

15

41

50%

10

8

25%

21% 20%

2 bdrms

18

5

0

2

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

1

S-L RATIO SALES INVENTORY

4 1 25%

12 8 67%

20 10 50%

28 6 21%

10 2 20%

2 0 n/a

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