the rennie review - November 2022

vancouvereast TOWNHOME-OCTOBER 202

SALES TO LISTINGSRATIO 10% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere94 townhom elistingsin VancouverEastin O ctober,24% aboveSeptem berand 7% higherthan October2021. O ctobertownhom esalesdecreased by36% m onth-over-m onth,to 9,and were79% below O ctober 2021. Thesales-to-listing ratio fortow nhom esin Vancouver East,at10% ,reflected abuyers'm arket. Thetownhom em edian pricein Octoberwas$1,047,500, a10% increasefrom Septem berand 9% below O ctober 2021. Theaveragesold pricewas$1,066,589,9% abovelast m onth;theaveragePSF salepricewas$862,up 1.8% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 5% VS 2021

▼ 9% VS 2021

▲ 7% VS 2021

▼ 79% VS 2021

THISMONTH No. $862 $1,066,589 $1,047,500 10% 9 94

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

42 88

-80% -79% 7%

14 76

1.8% 9% 10% -48% -36% 24%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$902 $1,119,808 $1,152,500 48%

$846 $976,914 $950,000 18%

-4% -5% -9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

94

88

99

96

83

95

88

76

74

59

44

44

43

41

51

42

34

31

38

33

20

30

25

24

9

14

$1.27M

$1.18M $1.20M $1.20M $1.15M $1.17M

$1.15M

$1.08M

$1.07M $1.00M

$1.05M

$958K $950K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

4+ bdrms

20

10

15

6

3 bdrms

52

10

3

25%

2 bdrms

18%

5

29

13%

4%

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

4 1 25%

24 3 13%

23 1 4%

22 4 18%

16 0 n/a

5 0 n/a

3

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