the rennie review | September 2023

greatervancouverboard area TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 34% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,024 townhom elistingsin theG reater Vancouverboard areain August,0.8% below Julyand 7% lowerthan August2022. Augusttownhom esalesdecreased by10% m onth-over-m onth,to352,and were21% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at34% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,063,000,a 3% decreasefrom Julyand 12% aboveAugust2022. Theaveragesold pricewas$1,121,961,2% below last m onth;theaveragePSF salepricewas$791,down 0.4% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2022

▲ 12% VS 2022

▼ 7% VS 2022

▲ 21% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

34% 352 1,024

26% 290 1,096

12% 30% 21% -7%

38% 391 1,032

-0.4% -2% -3% -9% -10% -0.8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$791 $1,121,961 $1,063,000

$794 $1,146,361 $1,093,000

$740 $1,034,993 $945,000

7% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,161

1,053

1,029 1,032

1,096

991

1,17

1,024

910

910

845

816 823

500

470

368

306

352

271

396

391

290

186

232

226

120

$1.09M $1.09M $1.06M

$1.02M

$1000K $1.05M $1.05M

$987K $979K $1.04M

$945K $950K

$949K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

56

4+ bdrms

200

181

150

208

59%

3 bdrms

546

46% 45%

100

39%

29%

80

2 bdrms

19%

267

50

10%

10%

0

8

<2 bdrms

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

30

S-L RATIO SALES INVENTORY

10 1 10%

26 12 46%

92 41 45%

177 104 59%

237 92 39%

189 55 29%

192 37 19%

101 10 10%

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