the rennie review- December 2022

vancouvereast CONDO -NOVEMBER 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere365 condolistingsin VancouverEastin N ovem ber,4% below O ctoberand 4% higherthan N ovem ber2021. N ovem bercondosalesdecreased by25% m onth-over-m onth,to77,and were56% below N ovem ber2021. Thesales-to-listing ratio forcondosin VancouverEast,at 21% ,reflected aselers'm arket. Thecondom edian pricein N ovem berwas$615,800,a 6% decreasefrom O ctoberand 4% below N ovem ber 2021. Theaveragesold pricewas$663,664,4% below last m onth;theaveragePSF salepricewas$937,down 0.6% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 5% VS 2021

▼ 4% VS 2021

▲ 4% VS 2021

▼ 56% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 50% 174 351

% Change

No. 27% 103 381

% Change

TOTALLISTINGS TOTALSALES

$937 $663,664 $615,800 21% 77 365

-57% -56% 4%

-0.6% -4% -6% -22% -25% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$943 $688,102 $655,000

$895 $696,046 $641,500

5% -5% -4%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

381

351

399 392

394

365

319

368 371

355

240 328

275

247

170

174

191

139

178

103

144

142

101

77

89

84

$690K $709K $680K $686K $670K $680K $685K

$642K $617K

$616K $613K $655K $616K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

120

4+ bdrms

5

100

80

67%

3 bdrms

36

60

36%

40

31

24%

2 bdrms

167

20

10% 9% 8% 8%

0

46

<$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

3 2 67%

88 32 36%

124 30 24%

83 8 10%

35 3 9%

12 1 8%

12 1 8%

8 0 n/a

157

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