the rennie review - July 2022

vancouverdowntown CONDO -JUNE 202

SALES TO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 0.7% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 7% VS 2021

▲ 4% VS 2021

▼ 6% VS 2021

▼ 6% VS 2021

Therewere907 condolistingsin VancouverD owntown in June,2% aboveM ayand 6% lowerthan June2021.

Junecondo salesdecreased by17% m onth-over-m onth, to180,and were6% below June2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 20% 191 967

% Change

No. 24% 217 887

% Change

Thesales-to-listing ratio forcondosin Vancouver D owntown,at20%,reflected abalanced m arket.

TOTALLISTINGS TOTALSALES

20% 180 907

-6% -6%

-6% -0.6% -3% -19% -17% 2%

Thecondom edian pricein Junewas$776,500,a3% decreasefrom M ayand 4% aboveJune2021. Theaveragesold pricewas$973,979,0.6% below last m onth;theaveragePSF salepricewas$1,110,down 6% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

0.7% 7% 4% 0.5%

$1,110 $973,979 $776,500

$1,177 $979,855 $800,000

$1,102 $909,297 $750,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

927

967

906

899

887

907

826

783

744

820

663

610 61

321

287

277

233 238

218

191

250

180

217

21

185

178

$834K $845K $849K $851K

$800K $777K

$785K $764K $791K

$750K $747K $750K $732K

VANCOUVERDOWN. REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

2

4+ bdrms

200

14

150

7

3 bdrms

117

50%

100

40%

30%

29% 26%

65

2 bdrms

50

431

10% 7%

3%

0

106

<$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

16 8 50%

77 23 30%

166 67 40%

122 35 29%

84 22 26%

80 8 10%

125 9 7%

237 8 3%

345

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