the rennie review - June 2022

vancouvereast TOWNHOME-MAY 202

SALES TO LISTINGSRATIO 30% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 18% VS 2021

▲ 26% VS 2021

0.0% VS 2021

▼ 30% VS 2021

Therewere99 townhom elistingsin VancouverEastin M ay,32% aboveApriland nochangetoM ay2021. M aytownhom esalesdecreased by30% m onth-over-m onth,to30,and were30% below M ay 2021. Thesales-to-listing ratio fortow nhom esin Vancouver East,at30% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$1,199,000,a 0.1% decreasefrom Apriland 26% aboveM ay2021. Theaveragesold pricewas$1,175,559,1.1% abovelast m onth;theaveragePSF salepricewas$910,down 3% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

30 99

43 99

9% 18% 26% -30% -30% 0%

43 75

-3% 1.1% -0.1% -47% -30% 32%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$910 $1,175,559 $1,199,000 30%

$839 $994,120 $955,000 43%

$941 $1,162,644 $1,200,000 57%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2021 ● MAY 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

99

99

99

100

83

88

83 86

75

60

51

51

48

44

44

43

41

39

38

43

34

42

30

30

27

24

$1.27M

$1.18M $1.20M $1.20M

$1.15M

$1.08M

$1.07M $1.00M

$1.04M

$955K

$950K $1.04M $978K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1

25

4+ bdrms

8

86%

20

17

3 bdrms

15

61

42%

10

33%

10

22%

2 bdrms

5

14% 14%

25

0

2

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

<2 bdrms

S-L RATIO SALES INVENTORY

7 6 86%

18 6 33%

19 8 42%

27 6 22%

21 3 14%

7 1 14%

5

Copyright© June7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune7,202 .Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 45 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online