the rennie review - July 2022

vancouverregion TOWNHOME-JUNE 202

SALES TO LISTINGSRATIO 32% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere2,434 townhom elistingsin theVancouver Region in June,3% aboveM ayand 27% higherthan June 2021. Junetownhom esalesdecreased by4% m onth-over-m onth,to772,and were35% below June 2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at32% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$915,000,a 1.1% decreasefrom M ayand 17% aboveJune2021. Theaveragesold pricewas$1,000,914,1.2% below last m onth;theaveragePSF salepricewas$681,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 17% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 17% VS 2021

▲ 17% VS 2021

▲ 27% VS 2021

▼ 35% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

32% 772 2,434

1,193 1,910

17% 17% 17% -49% -35% 27%

34% 801 2,373

-6% -4% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$581 $856,961 $785,000 62%

$681 $1,000,914 $915,000

$695 $1,013,423 $925,000

-2% -1.2% -1.1%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,434

2,373

1,910

2,003

1,674

1,678

1,306

1,253

1,227

1,377

1,076

1,193

973

782

766

1,013

1,001

987

942

925

772

913

896

801

587

574

$990K $1.02M $1.00M

$983K $925K $915K

$847K $880K $900K

$785K $781K $790K $834K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1000

134

4+ bdrms

800

563

600

405

3 bdrms

1,332

47%

400

39%

32% 30% 32%

218

25%

2 bdrms

20%

200

15%

497

0

15

<$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

28 7 25%

77 36 47%

433 167 39%

916 292 32%

432 130 30%

282 91 32%

188 37 20%

78 12 15%

42

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