the rennie review - July 2022

greatervancouverboard area TOWNHOME-JUNE 202

SALES TO LISTINGSRATIO 37% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,108 townhom elistingsin theG reater Vancouverboard areain June,1.7% below M ayand 1.3% lowerthan June2021. Junetownhom esalesdecreased by7% m onth-over-m onth,to410,and were34% below June 2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at37% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$1,012,500,a 1.7% decreasefrom M ayand 13% aboveJune2021. Theaveragesold pricewas$1,122,356,0.2% abovelast m onth;theaveragePSF salepricewas$788,down 1.9% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 15% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 16% VS 2021

▲ 13% VS 2021

▼ 1.3% VS 2021

▼ 34% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

37% 410 1,108

55% 623 1,123

-33% -34% -1.3%

39% 441 1,127

-1.9% 0.2% -1.7% -5% -7% -1.7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$788 $1,122,356 $1,012,500

$804 $1,119,624 $1,029,900

$686 $969,347 $900,000

15% 16% 13%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,123

1,108

1,127

964

792

921

754

825

597

599

623

667

500

629

387

508

502

503

493

477

410

467

284 446

441

365

$1.10M $1.10M $1.15M $1.10M

$1.03M $1.01M

$995K $969K

$900K $899K

$899K $960K $945K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

60

4+ bdrms

220

200

220

61%

150

3 bdrms

54%

618

45%

42%

100

34%

118

2 bdrms

20%

18%

15%

50

233

0

12

<$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

11 2 18%

23 14 61%

121 65 54%

264 119 45%

212 88 42%

226 76 34%

173 34 20%

78 12 15%

37

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