the rennie review - October 2022

westvancouver CONDO -SEPTEMBER 202

SALES TO LISTINGSRATIO 10% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere99 condolistingsin W estVancouverin Septem ber,13% aboveAugustand 74% higherthan Septem ber2021. Septem bercondosalesdecreased by52% m onth-over-m onth,to10,and were50% below Septem ber2021. Thesales-to-listing ratio forcondosin W estVancouver, at10% ,reflected abuyers'm arket. Thecondom edian pricein Septem berwas$947,500,a 32% decreasefrom Augustand 19% below Septem ber 2021. Theaveragesold pricewas$1,112,900,46% below last m onth;theaveragePSF salepricewas$1,047,down 22% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 0.4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 12% VS 2021

▼ 19% VS 2021

▲ 74% VS 2021

▼ 50% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

10 99

20 57

0.4% -12% -19% -71% -50% 74%

21 88

-22% -46% -32% -58% -52% 13%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,047 $1,112,900 $947,500 10%

$1,042 $1,267,550 $1,167,500 35%

$1,340 $2,055,733 $1,400,000 24%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

99

89

95 96

88

67

57

48

51

36

46

18 39

21

21

20 20

32

20

9

19

18

10

14

13

13

$1.40M

$1.28M

$1.25M

$1.24M $1.17M

$1.17M $1.09M

$1.07M

$1.01M

$948K

$928K

$825K

$755K

W ESTVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

30

4+ bdrms

25

20

57%

3 bdrms

15

13

10

6

25%

2 bdrms

17%

67

5

9%

3%

0

4

<$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

4 1 25%

7 4 57%

12 0 n/a

11 1 9%

18 0 n/a

18 3 17%

3%

19

29 1

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