the rennie review | September 2023

vancouverregion TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 36% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,884 townhom elistingsin theVancouver Region in August,nochangetoJulyand 16% lowerthan August2022. Augusttownhom esalesdecreased by13% m onth-over-m onth,to671,and were17% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at36% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$900,000,a 2% decreasefrom Julyand 6% aboveAugust2022. Theaveragesold pricewas$985,796,1.4% below last m onth;theaveragePSF salepricewas$670,up 0.3% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 7% VS 2022

▲ 6% VS 2022

▼ 16% VS 2022

▲ 17% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

36% 671 1,884

25% 573 2,252

40% 17% -16%

41% 767 1,884

0.3% -1.4% -2% -13% -13% 0%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$670 $985,796 $900,000

$668 $999,469 $920,000

$628 $923,861 $852,000

7% 7% 6%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,252

1,998

2,234

2,162

1,884

1,788

1,884

1,571

1,839

1,589

1,567

1,529

1,507

945

947

757

548

671

516

784

767

573

467

415

340

289

$923K $915K $920K $900K

$852K $850K $870K $860K $840K $810K

$860K $865K $899K

VancouverRegion REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

600

127

500

4+ bdrms

432

400

367

3 bdrms

300

968

51%

45% 43%

35%

200

27%

27%

168

2 bdrms

20%

450

100

10%

0

9

<2 bdrms

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

34

S-L RATIO SALES INVENTORY

22 6 27%

69 35 51%

341 154 45%

560 240 43%

358 124 35%

229 62 27%

203 40 20%

102 10 10%

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