the rennie review- December 2022

vancouverwest TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 11% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere168 townhom elistingsin VancouverW estin N ovem ber,0.6% below O ctoberand 12% higherthan N ovem ber2021. N ovem bertownhom esalesdecreased by21% m onth-over-m onth,to19,and were57% below N ovem ber2021. Thesales-to-listing ratio fortow nhom esin Vancouver W est,at11% ,reflected abuyers'm arket. Thetownhom em edian pricein N ovem berwas $1,420,000,a6% increasefrom O ctoberand 12% below N ovem ber2021. Theaveragesold pricewas$1,529,536,7% abovelast m onth;theaveragePSF salepricewas$1,087,up 5% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 1.9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▼ 12% VS 2021

▲ 12% VS 2021

▼ 57% VS 2021

THISMONTH No. $1,087 $1,529,536 $1,420,000 11% 19 168

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,108 $1,619,425 $1,611,500 29% 44 150

-1.9% -6% -12% -61% -57% 12%

$1,034 $1,431,525 $1,337,500 14% 24 169

-20% -21% -0.6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

5% 7% 6%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

169

169

168

177

150

170

169

137

156 155

145

19

13

54

51

49

45

44

26

46

24

35 39

19

21

20

$1.72M

$1.61M

$1.60M

$1.56M $1.63M

$1.54M

$1.51M

$1.48M $1.52M

$1.35M

$1.34M $1.42M

$1.29M

VANCOUVERW EST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

70

2

4+ bdrms

16

60

50

7

3 bdrms

40

86

45%

30

38%

10

20

2 bdrms

58

10

8% 6%

0

<$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 0 n/a

16 0 n/a

11 5 45%

13 5 38%

73 6 8%

6%

8

52 3

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