the rennie review | September 2023

vancouvereast TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 18% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 14% VS 2022

▲ 17% VS 2022

▼ 23% VS 2022

▼ 15% VS 2022

Therewere68 townhom elistingsin VancouverEastin August,6% below Julyand 23% lowerthan August2022. Augusttownhom esalesdecreased by43% m onth-over-m onth,to17,and were15% below August 2022. Thesales-to-listing ratio fortow nhom esin Vancouver East,at25% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,118,500,a 13% decreasefrom Julyand 17% aboveAugust2022. Theaveragesold pricewas$1,121,449,12% below last m onth;theaveragePSF salepricewas$871,down 8% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

17 68

20 88

18% 14% 17% 10% -15% -23%

30 72

-8% -12% -13% -40% -43% -6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$871 $1,121,449 $1,118,500 25%

$736 $984,124 $958,450 23%

$950 $1,268,946 $1,287,500 42%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

95

84

88

94

82

93

80

77

76

68

73

72

69

38

37

37

30

15

27

20

13

20

7

17

14

9

$1.29M

$1.11M $1.10M $1.18M

$1.12M

$1.09M

$1.05M $1.05M $1.09M

$1.00M

$958K $950K

$899K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

1

4+ bdrms

7

20

67%

10

15

3 bdrms

36

10

32%

6

26%

2 bdrms

23

5

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

2

S-L RATIO SALES INVENTORY

3 0 n/a

6 4 67%

25 8 32%

19 5 26%

12 0 n/a

3 0 n/a

Copyright© Septem ber5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber5,2023.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 48 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online