the rennie review - November 2022

vancouverwest TOWNHOME-OCTOBER 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▼ 7% VS 2021

▲ 19% VS 2021

▼ 51% VS 2021

Therewere169 townhom elistingsin VancouverW estin O ctober,9% aboveSeptem berand 19% higherthan October2021. O ctobertownhom esalesincreased by9% m onth-over-m onth,to 24,and were51% below O ctober 2021. Thesales-to-listing ratio fortow nhom esin Vancouver W est,at14% ,reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$1,337,500, a17% decreasefrom Septem berand 7% below O ctober 2021. Theaveragesold pricewas$1,431,525,10% below last m onth;theaveragePSF salepricewas$1,034,down 2% tolastm onth.

THISMONTH No. $1,034 $1,431,525 $1,337,500 14% 24 169

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,088 $1,517,231 $1,438,000 35% 49 142

-59% -51% 19%

$1,059 $1,597,105 $1,619,500 14% 22 155

9% 9%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

-2% -10% -17% 0.1%

-5% -6% -7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

169

169

177

150

170

169

137

156 155

142

145

19

13

54

51

49

45

44

49

26

46

39

35

24

22

20

$1.72M

$1.61M

$1.62M

$1.56M $1.63M

$1.54M

$1.51M

$1.48M $1.52M

$1.44M

$1.35M

$1.34M

$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

70

2

4+ bdrms

16

60

50

7

3 bdrms

40

84

50%

30

36%

33%

14

26%

20

2 bdrms

61

11%

10

2%

0

1

<$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

2 1 50%

11 4 36%

9 3 33%

27 7 26%

72 8 11%

2%

8

48 1

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