the rennie review | September 2023

vancouvereast DETACHED -AUGUST 2023

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY Therewere437 detached listingsin VancouverEastin August,1.4% below Julyand 15% lowerthan August 2022. Augustdetached hom esalesdecreased by9% m onth-over-m onth,to81,and were37% aboveAugust 2022. Thesales-to-listing ratio fordetached in VancouverEast, at19% ,reflected abalanced m arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 7% VS 2022

▲ 10% VS 2022

▼ 15% VS 2022

▲ 37% VS 2022

THISMONTH No. $2,010,995 $1,950,000 19% 81 437

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,875,847 $1,768,000 11% 59 516

7% 10% 62% 37% -15%

$2,113,005 $2,020,000 20% 89 443

-5% -3% -8% -9% -1.4%

Thedetachedm edian pricein Augustwas$1,950,000,a 3% decreasefrom Julyand 10% aboveAugust2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,010,995,5% below last m onth and up 7% toAugust2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

516

456

448

443

480

41

437

1.84

1.81

1.74

332

390

1.65

360

355

1.57

332

1.56

321

124

93

66

50 39

81

33

95

59

89

75

55

56

$1.95M $2.03M $2.01M $2.02M $1.95M

$1.77M

$1.74M $1.80M

$1.66M $1.71M $1.70M $1.72M $1.60M

22-Aug

23-Jul 23-Aug

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%

100

80

60

50%

37%

40

28%

20

12%

8%

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

1 1 100%

2 1 50%

17 2 12%

107 40 37%

105 29 28%

102 8 8%

103 0 n/a

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