the rennie review - May 2022

vancouvereast TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 57% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 8% VS2021

▲ 14% VS2021

▼ 29% VS2021

▼ 20% VS2021

Therewere75townhomelistingsinVancouverEastin April,25%aboveMarchand29%lowerthanApril2021. Apriltownhomesalesdecreasedby2% month-over-month,to43,andwere20%belowApril 2021. Thesales-to-listingratiofortownhomesinVancouver East,at57%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$1,200,000,a 1.8%increasefromMarchand14%aboveApril2021. Theaveragesoldpricewas$1,162,644,1.3%belowlast month;theaveragePSFsalepricewas$941,up2%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

43 75

$800 $1,072,148 $1,052,000 51% 54 105

18% 8% 14% 11% -20% -29%

44 60

2% -1.3% 1.8% -22% -2% 25%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$941 $1,162,644 $1,200,000 57%

$919 $1,177,733 $1,178,500 73%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

100

99

105

99

83

88

75

83 86

60

51

48

54

44

44

41

39

51

43

34

43

42

38

30

27

24

$1.18M $1.27M

$1.20M

$1.15M

$1.08M

$1.07M

$1.05M

$1.04M

$1.04M

$1.00M

$978K

$955K

$950K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

3

100%+

20

4+bdrms

90%

7

15

27

3bdrms

53% 55%

46

10

40%

10

2bdrms

5

18

0

3

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

<2bdrms

S-LRATIO SALES INVENTORY

1 0 n/a

5 7 140%

10 9 90%

17 9 53%

22 12 55%

15 6 40%

5 0 n/a

4

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 42 ●

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