the rennie review- December 2022

vancouvereast DETACHED -NOVEMBER 202

SALES TO LISTINGSRATIO 12% BALANCEDMARKET

▶ MARKETSUMMARY Therewere411 detached listingsin VancouverEastin N ovem ber,10% below O ctoberand 5% higherthan N ovem ber2021. N ovem berdetached hom esalesdecreased by11% m onth-over-m onth,to50,and were60% below N ovem ber2021. Thesales-to-listing ratio fordetached in VancouverEast, at12% ,reflected abalanced m arket. Thedetached m edian pricein N ovem berwas $1,697,500,a0.3% decreasefrom Octoberand 10% below N ovem ber2021. Theaveragesold pricewas$1,815,674,1.1% abovelast m onth and down 10% toN ovem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 10% VS 2021

▼ 10% VS 2021

▲ 5% VS 2021

▼ 60% VS 2021

THISMONTH No. $1,815,674 $1,697,500 12% 50 411

PREVIOUSYEAR

PREVIOUSMONTH

No. 32% 126 390

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

-10% -10% -62% -60% 5%

$1,795,688 $1,702,500 12% 56 456

1.1% -0.3% -0.9% -11% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,015,297 $1,884,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

531

516

565

545

456

454

1.77

485

480

409

1.71

390

1.66

41

1.631.60

1.62

332

317

176

126

94

75

66

16

10

94

50

65

59

54

56

$2.09M $2.07M $1.94M $2.10M $2.17M

$1.88M $1.85M

$1.86M $1.79M $1.77M

$1.66M $1.70M $1.70M

Nov-21

Oct-22

Nov-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

140

120

100

80

60

44%

40

22%

20%

20

7%

6%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

1 0 n/a

1 0 n/a

5 1 20%

18 8 44%

130 29 22%

107 7 7%

87 5 6%

62 0 n/a

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