the rennie review- December 2022

vancouverdowntown CONDO -NOVEMBER 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY Therewere862 condolistingsin VancouverD owntown in N ovem ber,2% below O ctoberand 10% higherthan N ovem ber2021. N ovem bercondosalesdecreased by3% m onth-over-m onth,to 121,and were58% below N ovem ber2021. Thesales-to-listing ratio forcondosin Vancouver D owntown,at14%,reflected abalanced m arket. Thecondom edian pricein N ovem berwas$713,000,a 8% decreasefrom O ctoberand 7% below N ovem ber 2021. Theaveragesold pricewas$899,797,18% below last m onth;theaveragePSF salepricewas$1,079,down 9% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2021

▼ 7% VS 2021

▲ 10% VS 2021

▼ 58% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 37% 287 783

% Change

No. 14% 125 884

% Change

TOTALLISTINGS TOTALSALES

14% 121 862

-62% -58% 10%

-3% -2%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

-9% -18% -8% -0.7%

$1,079 $899,797 $713,000

$1,186 $1,093,961 $775,000

$1,139 $940,056 $764,000

-5% -4% -7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

826

862

907

783

887

884

879

870

744

81

663

610 61

321

277

287

250

138

125

216

185

178

180

121

151

122

$834K $845K $849K $851K

$800K $777K $805K $785K $784K $775K

$764K $791K

$713K

VANCOUVERDOWN. REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

4+ bdrms

14

200

69%

4

150

3 bdrms

116

100

34%

31%

49

2 bdrms

17%

50

444

10%

8% 8%

2%

0

68

<$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

13 9 69%

58 20 34%

139 43 31%

125 13 10%

83 14 17%

88 7 8%

109 9 8%

247 6 2%

288

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