the rennie review | September 2023

vancouverregion CONDO -AUGUST 2023

SALES TO LISTINGSRATIO 32% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere5,265 condolistingsin theVancouverRegion in August,3% below Julyand 0.6% higherthan August 2022. Augustcondosalesdecreased by3% m onth-over-m onth, to1,691,and were29% aboveAugust2022.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 3% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.7% VS 2022

▲ 4% VS 2022

▲ 0.6% VS 2022

▲ 29% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the Vancouver Region,at32% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,691 5,265

1,310 5,232

3% 1.7% 4% 28% 29% 0.6%

1,745 5,405

-3% -3%

Thecondom edian pricein Augustwas$670,000,a1.5% increasefrom Julyand 4% aboveAugust2022. Theaveragesold pricewas$744,574,0.3% below last m onth;theaveragePSF salepricewas$885,up 0.7% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$885 $744,574 $670,000 32%

$862 $731,782 $645,000 25%

$879 $746,905 $660,000 32%

0.7% -0.3% 1.5% -0.5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

5,275

5,201

5,265

5,232

5,499 5,526

4,753

5,405

4,603

4,925

4,769

4,365

4,138

2,251

2,142

1,808

1,691

1,274

1,900

1,121

1,745

1,310

1,217

1,171

923

770

$675K $665K $660K $670K

$645K $620K $635K $625K

$625K $630K $630K $640K $652K

VancouverRegion REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1600

33 2

1400

4+ bdrms

1200

1000

106

3 bdrms

800

578

42% 42%

600

39%

29% 27%

942

400

2 bdrms

2,902

13% 11%

200

6%

0

641

<$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

191 74 39%

1,223 516 42%

1,487 623 42%

906 264 29%

432 118 27%

310 39 13%

323 34 11%

393 23 6%

1,752

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