the rennie review - July 2022

vancouverwest CONDO -JUNE 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▲ 10% VS 2021

▼ 11% VS 2021

▼ 40% VS 2021

Therewere621 condolistingsin VancouverW estin June,10% aboveM ayand 11% lowerthan June2021.

Junecondo salesdecreased by33% m onth-over-m onth, to142,and were40% below June2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 34% 236 697

% Change

No. 38% 213 565

% Change

Thesales-to-listing ratio forcondosin VancouverW est, at23% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

23% 142 621

9% 10% 10% -32% -40% -11%

-1.6% -2% 3% -39% -33% 10%

Thecondom edian pricein Junewas$884,000,a3% increasefrom M ayand 10% aboveJune2021. Theaveragesold pricewas$1,012,653,2% below last m onth;theaveragePSF salepricewas$1,131,down 1.6% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,131 $1,012,653 $884,000

$1,148 $1,036,259 $858,000

$1,033 $919,540 $805,500

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

697

653

602

621

646

552

597

565

427

513

475

446

398

276

213

208

209

236

195

217

214

204

142

179

167

145

$923K $879K $908K

$899K $890K

$858K $884K

$842K $860K $865K

$806K $817K $787K

VANCOUVERW EST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

140

120

4+ bdrms

4

100

7

80

3 bdrms

98

60

32% 33%

29%

40

28%

75

2 bdrms

15%

340

20

9% 7%

0

60

<$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

1 0 n/a

35 10 29%

110 35 32%

132 44 33%

94 26 28%

95 14 15%

86 8 9%

7%

179

68 5

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