the rennie review - July 2023

greatervancouverboard area TOWNHOME-JUNE 2023

SALES TO LISTINGSRATIO 46% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,026 townhom elistingsin theG reater Vancouverboard areain June,4% aboveM ayand 11% lowerthan June2022. Junetownhom esalesdecreased by6% m onth-over-m onth,to470,and were12% aboveJune 2022. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at46% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$1,091,250,a 4% increasefrom M ayand 5% aboveJune2022. Theaveragesold pricewas$1,148,174,0.3% abovelast m onth;theaveragePSF salepricewas$787,down 0.3% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 0.9% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 0.4% VS 2022

▲ 5% VS 2022

▼ 11% VS 2022

▲ 12% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 51% 500 990

% Change

TOTALLISTINGS TOTALSALES

46% 470 1,026

36% 421 1,155

-0.9% -0.4% 5% 26% 12% -11%

-9% -6% 4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$787 $1,148,174 $1,091,250

$790 $1,145,279 $1,050,000

-0.3% 0.3% 4%

$794 $1,152,753 $1,038,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,191

1,161

1,155

1,053

990

1,17

1,096

1,026

909

909

844

816 822

500

421

470

368

306

290

271

396

186

245

232

226

120

$1.05M $1.05M $1.09M

$1.04M

$1.04M $1000K

$1.02M

$995K $945K $950K

$949K $987K $979K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

200

87

4+ bdrms

196

150

68%

65%

255

57%

3 bdrms

52%

539

100

39%

33%

120

21%

2 bdrms

50

14%

261

0

8

<2 bdrms

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

30

S-L RATIO SALES INVENTORY

14 2 14%

26 17 65%

104 71 68%

206 108 52%

203 116 57%

200 77 39%

178 59 33%

95 20 21%

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