the rennie review | September 2023

vancouverwest DETACHED -AUGUST 2023

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 36% VS 2022

▲ 33% VS 2022

▼ 16% VS 2022

▲ 25% VS 2022

Therewere554 detached listingsin VancouverW estin August,3% below Julyand 16% lowerthan August2022. Augustdetached hom esalesincreased by4% m onth-over-m onth,to71,and were25% aboveAugust 2022. Thesales-to-listing ratio fordetached in VancouverW est, at13% ,reflected abalanced m arket.

THISMONTH No. $4,570,872 $4,070,000 13% 71 554

PREVIOUSMONTH

PREVIOUSYEAR

No. 9% 57 657

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

36% 33% 48% 25% -16%

$4,352,924 $3,509,000 12% 68 570

5% 16% 7% 4% -3%

Thedetachedm edian pricein Augustwas$4,070,000,a 16% increasefrom Julyand 33% aboveAugust2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$4,570,872,5% abovelast m onth and up 36% toAugust2022.

$3,364,745 $3,050,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

657

570

648

566

558

554

589

498

491

2.91

516

490

479

466

2.36

2.16

1.76

10

96

1.61

73

66

52

52

1.52

40

71

25

57

94

75

68

$4.07M

$3.51M

$3.47M

$3.48M $3.50M $3.67M

$3.19M $3.21M $3.43M $3.36M

$3.15M

$3.10M

$3.05M

22-Aug

23-Jul 23-Aug

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

500

400

300

200

25%

100

14%

11%

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

0 1 n/a

0 2 n/a

3 0 n/a

14 2 14%

52 13 25%

485 53 11%

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