the rennie review - November 2022

greatervancouverboard area DETACHED -OCTOBER 202

SALES TO LISTINGSRATIO 15% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.1% VS 2021

▼ 2.0% VS 2021

▲ 23% VS 2021

▼ 47% VS 2021

Therew ere 3,923 detached listingsin the G reater Vancouverboard areain O ctober,5% below Septem ber and 23% higherthan October2021. O ctoberdetached hom esalesincreased by 9% m onth-over-m onth,to 581,and were47% below O ctober 2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at15% ,reflected abalanced market. Thedetachedm edian pricein Octoberwas$1,720,000,a 2% increasefrom Septem berand 2.0% below O ctober 2021. Theaveragesold pricewas$2,070,518,1.9% below last m onth and up 0.1% toOctober2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

15% 581 3,923

1,092 3,180

0.1% -2% -57% -47% 23%

13% 533 4,119

-1.9% 2% 14% 9% -5%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,069,047 $1,755,000 34%

$2,110,852 $1,680,000

$2,070,518 $1,720,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,463

4,236

4,19

4,338

3,923

4,154

1.86

3,254

3,714

1.78

3,180

2,875

1.68

2,799

1.54

1.47

1.45

2,264

2,21

1,297

985

1,005

1,092

956

581

792

794

656

621

530 524 533

$2.01M $2.00M $2.00M $1.90M

$1.85M $1.98M

$1.80M $1.74M $1.70M $1.68M $1.72M

$1.76M $1.85M

Oct-21

Sep-22

Oct-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1400

1200

1000

800

600

36%

28%

400

26%

21%

20%

17%

16%

200

9%

6%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+ 1,356 85 6%

S-L RATIO SALES INVENTORY

47 12 26%

47 8 17%

107 23 21%

169 61 36%

353 100 28%

822 162 20%

521 84 16%

501 46 9%

Copyright© Novem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

8

Made with FlippingBook - professional solution for displaying marketing and sales documents online