the rennie review | September 2023

vancouvereast CONDO -AUGUST 2023

SALES TO LISTINGSRATIO 38% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere332 condolistingsin VancouverEastin August,12% below Julyand 10% lowerthan August 2022. Augustcondosalesincreased by0.8% m onth-over-m onth,to127,and were43% aboveAugust 2022. Thesales-to-listing ratio forcondosin VancouverEast,at 38% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$678,000,a5% decreasefrom Julyand 10% aboveAugust2022. Theaveragesold pricewas$734,685,0.1% below last m onth;theaveragePSF salepricewas$969,down 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 4% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2022

▲ 10% VS 2022

▼ 10% VS 2022

▲ 43% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 33% 126 378

% Change

TOTALLISTINGS TOTALSALES

38% 127 332

$932 $674,664 $616,000 24% 89 368

10% 58% 43% -10%

-4% -0.1% -5% 15% 0.8% -12%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$969 $734,685 $678,000

$1,007 $735,174 $713,000

4% 9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

365

358

368

381

334

378

371

316

364

332

354

310

290

161

156

103

127

101 1

126

14

89

84

77

57 57

$748K

$701K $713K $678K

$665K $657K

$616K $613K $655K $616K $650K $645K $610K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

120

1 1

4+ bdrms

100

80

65%

5

3 bdrms

35

60

49%

40

27%

59

2 bdrms

18%

16% 14%

146

20

0

62

<$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

2 0 n/a

57 37 65%

119 58 49%

81 22 27%

25 4 16%

22 3 14%

17 3 18%

9 0 n/a

150

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