the rennie review - October 2022

vancouvereast CONDO -SEPTEMBER 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere372 condolistingsin VancouverEastin Septem ber,1.1% aboveAugustand 12% lowerthan Septem ber2021. Septem bercondo salesdecreased by 6% m onth-over-m onth,to84,and were45% below Septem ber2021. Thesales-to-listing ratio forcondosin VancouverEast,at 23% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$612,500,a 0.6% decreasefrom Augustand 5% below Septem ber 2021. Theaveragesold pricewas$688,415,2% abovelast m onth;theaveragePSF salepricewas$934,up 0.2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 1.0% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.3% VS 2021

▼ 5% VS 2021

▼ 12% VS 2021

▼ 45% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 37% 154 421

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$934 $688,415 $612,500 23% 84 372

1% 1.3% -5% -38% -45% -12%

$932 $674,664 $616,000 24% 89 368

0.2% 2% -0.6% -7% -6% 1.1%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$925 $679,447 $645,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

399

421

394

351

372

392

319

368

368

355

240 328

275

247

178

174

170

191

139

154

178

144

142

84

101

89

$690K $709K $680K $686K $670K $680K $685K

$645K $662K $642K $617K

$616K $613K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

120

100%+

4+ bdrms

100

4

80

3 bdrms

60

36

40

32%

32

25%

2 bdrms

14% 13%

177

20

10%

9%

0

52

<$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

2 7 350%

88 28 32%

114 29 25%

97 14 14%

30 4 13%

11 1 9%

20 0 n/a

10 1 10%

155

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