the rennie review - October 2022

vancouvereast DETACHED -SEPTEMBER 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▼ 5% VS 2021

0.0% VS 2021

▼ 51% VS 2021

Therewere480 detached listingsin VancouverEastin Septem ber,-7% below Augustand nochangeto Septem ber2021. Septem berdetached hom esalesincreased by 12% m onth-over-m onth,to66,and were51% below Septem ber2021. Thesales-to-listing ratio fordetached in VancouverEast, at14% ,reflected abalanced m arket. Thedetached m edian pricein Septem berwas $1,660,000,a6% decreasefrom Augustand 5% below Septem ber2021. Theaveragesold pricewas$1,748,833,7% below last m onth and down 6% toSeptem ber2021.

THISMONTH No. $1,748,833 $1,660,000 14% 66 480

PREVIOUSYEAR

PREVIOUSMONTH

No. 28% 135 480

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

-51% -51% 0%

$1,875,847 $1,768,000 11% 59 516

-7% -6% 20% 12% -7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,860,962 $1,750,000

-6% -5%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

531

516

565

545

454

480

480

1.84

485

409

1.79

1.75

390

422

1.56

1.55

1.52

332

317

176

136

126

135

94

75

16

10

66

94

65

54 59

$2.10M $2.17M $2.09M $2.07M

$1.94M $1.86M

$1.79M $1.77M $1.66M

$1.75M $1.85M $1.88M $1.85M

Sep-21

Aug-22

Sep-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%+

150

100

59%

50

20%

8%

3%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

1 0 n/a

1 5 500%

27 16 59%

162 32 20%

121 10 8%

100 3 3%

68 0 n/a

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