the rennie review | September 2023

vancouverwest TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 1.5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2022

▲ 9% VS 2022

▲ 12% VS 2022

▲ 27% VS 2022

Therewere175 townhom elistingsin VancouverW estin August,3% below Julyand 12% higherthan August2022. Augusttownhom esalesincreased by14% m onth-over-m onth,to33,and were27% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin Vancouver W est,at19% ,reflected abalanced m arket. Thetownhom em edian pricein Augustwas$1,399,888,a 14% decreasefrom Julyand 9% aboveAugust2022. Theaveragesold pricewas$1,440,581,6% below last m onth;theaveragePSF salepricewas$1,115,down 6% tolastm onth.

THISMONTH No. $1,115 $1,440,581 $1,399,888 19% 33 175

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,099 $1,398,792 $1,290,000 17% 26 156

1.5% 3% 9% 13% 27% 12%

$1,185 $1,539,879 $1,628,000 16% 29 181

-6% -6% -14% 18% 14% -3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

170

169

175

181

151

156

163

156

153

131

124

19

18

50

49

31

27

24

33

19

26

13

12

29

21

20

$1.70M $1.63M

$1.64M

$1.60M

$1.61M

$1.52M

$1.40M $1.40M

$1.40M

$1.34M $1.42M $1.32M

$1.29M

VANCOUVERW EST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

4+ bdrms

20

60

18

60%

3 bdrms

56%

90

40

40%

15

25%

2 bdrms

20

55

12%

7%

0

<2 bdrms

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

10

S-L RATIO SALES INVENTORY

1 0 n/a

4 1 25%

10 6 60%

9 5 56%

20 8 40%

85 10 12%

7%

46 3

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