the rennie review - October 2022

westvancouver DETACHED -SEPTEMBER 202

SALES TO LISTINGSRATIO 6% BUYERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▼ 9% VS 2021

0.0% VS 2021

▼ 37% VS 2021

Therewere436 detached listingsin W estVancouverin Septem ber,4% aboveAugustand nochangeto Septem ber2021. Septem berdetached hom esalesdecreased by 7% m onth-over-m onth,to26,and were37% below Septem ber2021. Thesales-to-listing ratio fordetached in W estVancouver, at6% ,reflected abuyers'm arket. Thedetached m edian pricein Septem berwas $2,695,000,a3% decreasefrom Augustand 9% below Septem ber2021. Theaveragesold pricewas$3,862,762,10% abovelast m onth and up 9% toSeptem ber2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 9% 41 436

% Change

No. 7% 28 419

% Change

TOTALLISTINGS TOTALSALES

6% 26 436

-37% -37% 0%

10% -3% -11% -7% 4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$3,500,847 $2,790,000

$3,862,762 $2,695,000

$3,536,477 $2,953,000

9% -9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

425

436

436

403

445

393

427

419

363

2.41

327

337

2.01

296

276

1.65

1.42

63

61

58

1.21

46

41

32

32

30

28

1.05

41

54

26

43

$3.21M $3.32M

$3.14M $3.04M $2.96M $3.00M

$3.06M

$2.95M

$2.87M $2.79M $2.70M

$2.63M $2.70M

Sep-21

Aug-22

Sep-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

350

300

250

63%

200

150

100

18%

50

7%

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

0 2 n/a

8 5 63%

28 5 18%

61 4 7%

339 10 3%

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