the rennie review- December 2022

vancouverregion TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,942 townhom elistingsin theVancouver Region in N ovem ber,8% below O ctoberand 100% higher than N ovem ber2021. N ovem bertownhom esalesdecreased by20% m onth-over-m onth,to 412,and were56% below N ovem ber2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at21% ,reflected aselers'm arket. Thetownhom em edian pricein N ovem berwas$860,000, a1.1% decreasefrom O ctoberand 2% below N ovem ber 2021. Theaveragesold pricewas$924,306,3% below last m onth;theaveragePSF salepricewas$620,down 2.0% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS 2021

▼ 2% VS 2021

▲ 100% VS 2021

▼ 56% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 97% 941 973

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21% 412 1,942

-78% -56% 100%

24% 514 2,108

-2% -3% -1.1% -13% -20% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$620 $924,306 $860,000

$632 $951,955 $870,000

$645 $954,801 $880,000

-4% -3% -2%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,181

2,443

2,433

2,108

2,372

2,206

1,942

2,002

1,677

1,251

1,227

973

782

770

766

941

91

895

565

514

801

587

574

412

474

460

$990K $1.02M $1.00M

$983K $925K

$915K $894K $850K $850K $870K $860K

$880K $900K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

600

80

4+ bdrms

500

403

400

220

3 bdrms

1,055

300

200

30%

106

25%

22% 21%

2 bdrms

18%

440

100

7% 7%

2%

0

6

<$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

48 1 2%

127 32 25%

412 125 30%

592 133 22%

328 69 21%

191 34 18%

161 12 7%

7%

44

83 6

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