the rennie review - October 2022

vancouverdowntown CONDO -SEPTEMBER 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY Therewere870 condolistingsin VancouverD owntown in Septem ber,7% aboveAugustand 6% lowerthan Septem ber2021. Septem bercondosalesdecreased by12% m onth-over-m onth,to 122,and were49% below Septem ber2021. Thesales-to-listing ratio forcondosin Vancouver D owntown,at14%,reflected abalanced m arket. Thecondom edian pricein Septem berwas$784,000,a 0.5% increasefrom Augustand 7% aboveSeptem ber 2021. Theaveragesold pricewas$965,543,1.7% abovelast m onth;theaveragePSF salepricewas$1,172,up 5% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2021

▲ 7% VS 2021

▼ 6% VS 2021

▼ 49% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 26% 238 927

% Change

No. 17% 139 811

% Change

TOTALLISTINGS TOTALSALES

14% 122 870

-45% -49% -6%

5% 1.7% 0.5% -18% -12% 7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,172 $965,543 $784,000

$1,120 $949,344 $780,000

$1,118 $931,602 $732,250

5% 4% 7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

879

927

826

870

907

899

783

887

744

81

663

610 61

321

287

277

238

250

139

216

21

185

178

180

122

151

$834K $845K $849K $851K

$800K $777K $805K $780K $784K

$785K $764K $791K

$732K

VANCOUVERDOWN. REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

4+ bdrms

16

200

150

2

3 bdrms

115

100

38%

49

26% 23%

2 bdrms

50

434

13%

8%

7%

5%

3%

0

71

<$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

15 1 7%

60 23 38%

158 41 26%

115 27 23%

71 9 13%

85 4 5%

124 10 8%

242 7 3%

305

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