the rennie review- December 2022

greatervancouverboard area TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 22% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 5% VS 2021

▼ 5% VS 2021

▲ 67% VS 2021

▼ 55% VS 2021

Therewere998 townhom elistingsin theG reater Vancouverboard areain N ovem ber,10% below O ctober and 67% higherthan N ovem ber2021. N ovem bertownhom esalesdecreased by17% m onth-over-m onth,to 223,and were55% below N ovem ber2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at22% ,reflected aselers'm arket. Thetownhom em edian pricein N ovem berwas$948,000, a7% decreasefrom O ctoberand 5% below N ovem ber 2021. Theaveragesold pricewas$1,021,406,8% below last m onth;theaveragePSF salepricewas$712,down 4% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 84% 501 597

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

22% 223 998

-73% -55% 67%

24% 269 1,108

-17% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

-4% -8% -7% -8%

$712 $1,021,406 $948,000

$741 $1,110,150 $1,020,800

$742 $1,069,901 $995,000

-4% -5% -5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,139

1,108

1,126

1,106

998

1,065

1,051

920

753

597

599

629

501

409

387

503

467

446

441

282

269

365

223

284

240

224

$1.10M $1.10M $1.15M $1.10M

$1.03M $1.01M

$1.02M $948K

$995K $969K

$990K $942K $932K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

37

4+ bdrms

200

157

150

120

3 bdrms

564

45%

100

29%

26%

60

23% 21%

2 bdrms

50

243

8% 7%

5%

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

20 1 5%

34 10 29%

113 51 45%

238 63 26%

213 50 23%

143 30 21%

154 12 8%

7%

34

83 6

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