the rennie review - July 2023

vancouverwest TOWNHOME-JUNE 2023

SALES TO LISTINGSRATIO 30% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 17% VS 2022

▲ 26% VS 2022

▼ 4% VS 2022

▲ 9% VS 2022

Therewere163 townhom elistingsin VancouverW estin June,7% aboveM ayand 4% lowerthan June2022.

Junetownhom esalesdecreased by2% m onth-over-m onth,to49,and were9% aboveJune2022.

THISMONTH No. $1,191 $1,686,713 $1,700,000 30% 49 163

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio fortow nhom esin Vancouver W est,at30% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$1,130 $1,435,645 $1,349,900 27% 45 169

5% 17% 26% 13% 9% -4%

$1,146 $1,680,162 $1,522,400 33% 50 153

-8% -2% 7%

Thetownhom em edian pricein Junewas$1,700,000,a 12% increasefrom M ayand 26% aboveJune2022. Theaveragesold pricewas$1,686,713,0.4% abovelast m onth;theaveragePSF salepricewas$1,191,up 4% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

4% 0.4% 12%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

169

163

151

170

169

169

156 156

153

131

124

19

18

50

45

49

31

27

26

24

19

13 12

21

20

20

$1.70M

$1.64M

$1.60M

$1.61M

$1.54M

$1.52M

$1.40M $1.40M

$1.35M

$1.34M $1.42M $1.32M

$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

2

70

4+ bdrms

17

60

50

30

3 bdrms

86

40

50%

43%

36%

30

30%

15

25%

22%

20

2 bdrms

50

10

0

2

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

10

S-L RATIO SALES INVENTORY

6 3 50%

7 3 43%

9 2 22%

14 5 36%

76 23 30%

51 13 25%

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