the rennie review - October 2022

greatervancouverboard area DETACHED -SEPTEMBER 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2021

▲ 0.6% VS 2021

▲ 13% VS 2021

▼ 44% VS 2021

Therew ere 4,119 detached listingsin the G reater Vancouverboard areain Septem ber,0.8% below August and 13% higherthan Septem ber2021. Septem berdetached hom esalesincreased by 1.9% m onth-over-m onth,to 534,and were44% below Septem ber2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at13% ,reflected abalanced market. Thedetached m edian pricein Septem berwas $1,680,000,a1.5% decreasefrom Augustand 0.6% above Septem ber2021. Theaveragesold pricewas$2,108,630,6% abovelast m onth and up 8% toSeptem ber2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13% 534 4,119

26% 950 3,656

8% 0.6% -50% -44% 13%

13% 524 4,154

6% -1.5% 3% 1.9% -0.8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,995,272 $1,704,950

$2,108,630 $1,680,000

$1,947,670 $1,670,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,463

4,236

4,19

4,338

4,154

1.81

3,656

1.78

3,254 3,714

1.73

2,875

2,799

3,180

1.51

1.45

1.39

2,264

2,21

1,297

1,092

985

1,006

950

957

792

795

534

656

621

531 524

$2.01M $2.00M $2.00M $1.90M

$1.85M $1.98M

$1.80M $1.75M $1.70M $1.68M

$1.76M $1.85M

$1.67M

Sep-21

Aug-22

Sep-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1400

1200

1000

800

600

34%

31%

31%

29%

400

22%

20%

12%

200

8%

5%

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+ 1,443 66 5%

S-L RATIO SALES INVENTORY

53 18 34%

45 14 31%

107 31 29%

169 52 31%

370 80 22%

842 166 20%

554 65 12%

536 42 8%

Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

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